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Va. casinos report $35.4M in April revenue

Rivers Casino, Hard Rock state tax revenue totals $6.37M

Va. casinos report $35.4M in April revenue

Rivers Casino, Hard Rock state tax revenue totals $6.37M

//May 16, 2023//

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Gaming revenues from Virginia’s two casinos open in April totaled $35.4 million last month, according to data released Monday from the Virginia .

, which received its license in November 2022 and opened Jan. 23, reported $21.3 million in adjusted gross revenue (wagers minus winnings) in April. Of that, $13.8 million came from its 1,420 slots, and the remaining $7.5 million came from its 81 table games.

The Board approved the casino license for the HR operator in April 2022, and the Hard Rock Hotel & Casino Bristol’s temporary facility opened on July 8, 2022. Its permanent facility is expected to open in July 2024. HR Bristol reaped $14 million in adjusted gross revenue (AGR) in April. The casino reported $11 million in AGR from its 888 slots and $2.7 million from its 29 table games.

Last month, Virginia took in almost $6.37 million in tax revenue from casino gaming activity — $3.8 million from the Portsmouth casino and $2.5 million from the Bristol casino. For , 6% of its AGR (about $1.28 million) will go to Portsmouth, while 6% of the Hard Rock Bristol’s AGR (about $842,000) will go to the Regional Improvement Commission, which the General Assembly established to distribute Bristol casino tax funds throughout Southwest Virginia.

The Problem Gambling Treatment and Support Fund will receive $30.7 million from Rivers Casino Portsmouth’s and $20.2 million from Bristol casino taxes for a total of $50.9 million. The Family and Children’s Trust Fund will receive about $12,700 from April taxes, of which about $7,700 comes from the Portsmouth casino. The remaining $4.18 million in taxes will stay in the Gaming Proceeds Fund.

Virginia’s third casino, ‘s temporary casino, opened Monday in Danville. The temporary facility has 740 , 25 live table games and 28 electronic table games.

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