Virginia Casino Revenue Jumps 17.6% In December 2022
Virginia casino revenue closed out the year with a rebound and a new single-month record, according to numbers released Friday by the Virginia Lottery.
The gaming regulators still have just one site to draw taxes from. Virginia’s only casino, Bristol Casino — Future Home of Hard Rock, reported nearly $14.9 million in adjusted gross revenue (AGR) to the state. That is a 17.6% increase from November.
Rivers Casino Portsmouth opens on Jan. 23, so its totals will soon be added to figures from the temporary casino in Bristol.
Bristol Casino (and Virginia’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 — $12,650,361
- December (new) — $14,879,037
- Total — $81,975,592
The AGR factors in casino bets minus customer winnings and the state’s 18% tax assessment.
Get used to Virginia casino revenue records
December’s new mark should start a string of record revenue numbers from Virginia.
Altogether, four cities have the go-ahead to open a Virginia casino. Danville and Norfolk will open temporary casinos to join Bristol and the full-scale casino in Portsmouth as betting destinations.
The Virginia General Assembly convened on Wednesday. It could add Richmond and/or Petersburg as candidate casino cities as well.
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.
The Virginia Lottery offers online instant scratch games — many of those plays are similar to the casino offerings in Bristol.
Slots, table games both up in December 2022 Virginia casino report
Both slot machine and table game revenue jumped up from November numbers. Slots are still the game of choice by far in Bristol.
Slot machine revenue
- July — $10.2 million
- August — $11.4 million
- September — $11.3 million
- October — $11.2 million
- November — $10.4 million
- December — $12.1 million
Table game revenue
- July — $1.5 million
- August — $2.8 million
- September — $3 million
- October — $2.9 million
- November — $2.2 million
- December — $2.7 million
Altogether, the casino raised almost $2.7 million in taxes for the state.
- About $892,742 (6%) will go to a regional commission. The group can guide the money toward
- public safety
- transportation
- and education
- The state uses $21,426 from the December 2022 numbers for gambling treatment programs (0.8%)
- Finally, the state directs $5,356 to the Family and Children’s Trust Fund (0.2%). The fund focuses on family violence treatment and prevention.
The amounts leave just under $1.8 million for the Gaming Proceeds Fund. State law directs betting revenue toward Virginia’s K-12 education program.
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