The Virginia Lottery has released its latest monthly revenue report for the state’s casino industry which currently comprises one land-based casino — Hard Rock Hotel & Casino Bristol.
November saw Hard Rock Bristol generate almost $13 million in adjusted gross revenue (AGR) from casino games at its temporary facility on the site of the for Bristol Mall. The latest figures represent a 10.5% drop from the $14.1 million reported in October.
The casino’s 870 slot machines generated AGR of $10,410,087.22 while 21 table games generated $2,240,274.00. This brings the total AGR to $ from 891 games. This resulted in approximately $2.3 million in taxes for the state.
Breakdown of the distribution of taxes:
- Regional Improvement Commission (6% of AGR) — $759,021.67
- Problem Gambling Treatment and Support Fund (0.8% of total tax) — $18,216.52
- Family and Children’s Trust Fund (0.2% of total tax) — $4,554.13
- Remaining available in the Gaming Proceeds Fund — $1,495,272.70
- Total Tax — $2,277,065.02
Virginia’s retail casino industry launched in July of 2022 when the Hard Rock Bristol opened its temporary casino facility, boosting the number of American casinos available.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.