November 2022 Virginia Casino Revenue Down 10.6%

November 2022 Virginia casino revenue dipped by 10.6% compared to October numbers from the only casino open in Virginia.

The Virginia Lottery posted its most recent audit of Bristol Casino — Future Home of Hard Rock bets on Thursday. For November, Hard Rock’s Bristol Casino reported more than $12.6 million in adjusted gross revenue (AGR) to the state.

Rivers Casino Portsmouth opens on Jan. 15, so its totals will soon be added to figures from the temporary casino in Bristol.

Bristol Casino’s revenue so far:

• July (opened on 7/8) — $11,717,478
• August — $14,279,379
• September — $14,305,177
• October — $14,144,160
• November (new) — $12,650,361
• Total — $67,096,555

The AGR factors in casino bets minus customer winnings and the state’s 18% tax assessment.

Altogether, four cities have the go-ahead to open a Virginia casino. Danville and Norfolk will open temporary casinos to join Bristol and Portsmouth as betting destinations.

Virginia has 13 online sports betting options, but legal online casino bets aren’t an option in the state. A visit to Bristol is the only way customers can play a hand of poker or try a slot machine.

Slots, table games both dip in November 2022 Virginia casino report

Both slot machine and table game revenue fell off compared to October. Bristol casino visitors still prefer slots to table games by a wide margin.

Slot revenue

• July — $10.2 million
• August — $11.4 million
• September — $11.3 million
• October — $11.2 million
• November — $10.4 million

Table game revenue

• July — $1.5 million
• August — $2.8 million
• September — $3 million
• October — $2.9 million
• November — $2.2 million

Altogether, the casino raised almost $2.3 million in taxes for the state.

• About $759,022 (6%) will go to a regional commission. The group can guide the money toward
  • education
  • transportation
  • and public safety
• The state uses $18,217 from the November 2022 numbers for gambling treatment programs (0.8%)
• Finally, the state directs $4,554 to the Family and Children’s Trust Fund (0.2%). The fund focuses on family violence treatment and prevention.

The amounts leave just under $1.5 million for the Gaming Proceeds Fund. State law directs betting revenue toward Virginia’s K-12 education program.