Bristol Casino reports more than $13M in revenue in February
BRISTOL, Va. — The Bristol Casino generated more than $13.7 million in adjusted gross revenues from slots and table games in February, the Virginia Lottery stated Wednesday in a news release.
The AGR for Bristol increased from roughly $13.4 million in January.
The casino generated more than $2.4 million in taxes, the lottery reported.
The lottery showed the casino earned $11,194,940.52 from 890 slot machines and $2,536,835.25 from 23 table games for a total of $13,731,775.77.
State tax funds from the casino’s AGR are required by the commonwealth to go toward the Problem Gambling Treatment and Support Fund, the Family and Children’s Trust Fund, and the host locality. However, the statute also specifies the portion of taxes from the Bristol Casino normally reserved for the host locality go to the Regional Improvement Commission, which was designed to facilitate revenue sharing from Virginia’s first-ever casino throughout Southwest Virginia.
The commission will receive $823,906.55; the Problem Gambling Treatment and Support Fund will see $19,773.76; the Family and Children’s Trust Fund will receive $4,943.44; and $1,623,095.89 will remain in the Gaming Proceeds Fund.
Additionally, the lottery reported gaming activity from the Rivers Casino Portsmouth, which reported adjusted gaming revenue of more than $24 million in February.
During February, gaming revenues from the two Virginia casinos totaled more than $38.3 million. The two casinos paid more than $6.9 million in taxes.
The Virginia Lottery Board approved the casino license for Hard Rock Bristol in April 2022, and the temporary facility on the site of the former Bristol Mall opened to the public on July 8. The Virginia Lottery Board approved the casino license for Rivers Casino Portsmouth in November 2022.
The Virginia Lottery assumed regulatory oversight of casino gaming in the commonwealth in 2020. Taxes generated by casino gaming will benefit priorities as determined by the General Assembly.
Information about casinos, including regulations and approvals, can be viewed at vagamingregulations.com.
The Bristol Casino is located at 500 Gate City Highway.