New Kent windfalls from Colonial Downs will decrease

December 29, 2025

NEW KENT — New Kent County stands to make $18 million from the Colonial Downs racetrack in the current financial year before new regulations reduce annual windfalls.

County Administrator Rodney Hathaway told the planning commission that the county continues to make millions of dollars a year from horse racing and off-track betting via Rosie’s gaming emporiums. However, after fiscal year 2026, the county will receive less money due to a new change approved by the Virginia State Assembly. The county is still expected to make seven figures a year.

“We have a very healthy fund balance right now of Rosie’s money,” Hathaway told the planning commission on Dec. 15.

“At the end of FY25, the fund balance on Colonial Downs funds was about $28 million,” Hathaway said.

Hathaway said the county estimates it will generate another $18 million by the end of FY26 next June.

“This will be the last year that we see revenues like that because of the state code change. Even going forward, we anticipate seeing about $8 million after that,” he said.

The county administrator said little money from Rosie’s funds had been dedicated to projects. He told members of the planning commission that about $500,000 for a new Housing Trust Fund would come from Colonial Downs funds.

Money from the racetrack is usually used for capital projects rather than revenue. Hathaway said the county is eying some big projects, including a new YMCA and a rebuilt courthouse.

At present, New Kent County receives a share of proceeds from all historic horse racing facilities in Virginia. The county stands to lose a chunk of this revenue because it will only receive money from machines located in the county in the future.

However, concerns of a loss of revenue will be offset by a “limited license tax” paid directly to the county by the operator of the track.

David Macaulay, Davidmacaulayva@gmail.com

https://www.pilotonline.com/2025/12/29/new-kent-windfalls-from-colonial-downs-will-decrease/

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decrease [81] => new kent windfalls drom colonial downs will decrease [82] => new kent windfalls crom colonial downs will decrease [83] => new kent windfalls vrom colonial downs will decrease [84] => new kent windfalls grom colonial downs will decrease [85] => new kent windfalls trom colonial downs will decrease [86] => new kent windfalls rrom colonial downs will decrease [87] => new kent windfalls feom colonial downs will decrease [88] => new kent windfalls fdom colonial downs will decrease [89] => new kent windfalls ffom colonial downs will decrease [90] => new kent windfalls ftom colonial downs will decrease [91] => new kent windfalls f5om colonial downs will decrease [92] => new kent windfalls f4om colonial downs will decrease [93] => new kent windfalls frim colonial downs will decrease [94] => new kent windfalls frkm colonial downs will decrease [95] => new kent windfalls frlm colonial downs will decrease [96] => new kent windfalls frpm colonial downs will decrease [97] => new kent windfalls fr0m colonial downs will decrease [98] => new kent windfalls fr9m colonial downs will decrease [99] => new kent windfalls fron colonial downs will decrease [100] => new kent windfalls frok colonial downs will decrease [101] => new kent windfalls froj colonial downs will decrease [102] => new kent windfalls from xolonial downs will decrease [103] => new kent windfalls from volonial downs will decrease [104] => new kent windfalls from folonial downs will decrease [105] => new kent windfalls from dolonial downs will decrease [106] => new kent windfalls from cilonial downs will decrease [107] => new kent windfalls from cklonial downs will decrease [108] => new kent windfalls from cllonial downs will decrease [109] => new kent windfalls from cplonial downs will decrease [110] => new kent windfalls from c0lonial downs will decrease [111] => new kent windfalls from c9lonial downs will decrease [112] => new kent windfalls from cokonial downs will decrease [113] => new kent 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windfalls from colonial downs will drcrease [194] => new kent windfalls from colonial downs will d4crease [195] => new kent windfalls from colonial downs will d3crease [196] => new kent windfalls from colonial downs will dexrease [197] => new kent windfalls from colonial downs will devrease [198] => new kent windfalls from colonial downs will defrease [199] => new kent windfalls from colonial downs will dedrease [200] => new kent windfalls from colonial downs will deceease [201] => new kent windfalls from colonial downs will decdease [202] => new kent windfalls from colonial downs will decfease [203] => new kent windfalls from colonial downs will dectease [204] => new kent windfalls from colonial downs will dec5ease [205] => new kent windfalls from colonial downs will dec4ease [206] => new kent windfalls from colonial downs will decrwase [207] => new kent windfalls from colonial downs will decrsase [208] => new kent windfalls from colonial downs will decrdase [209] => new kent 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windfalls from colonial downs will decreasr [226] => new kent windfalls from colonial downs will decreas4 [227] => new kent windfalls from colonial downs will decreas3 ) </h1> </body>