October 2022 Virginia Casino Numbers Hold Steady

Written By Russ Mitchell on November 17, 2022
October 2022 Virginia casino revenue holds steady

Bristol Casino — Future Home of Hard Rock is providing steady revenue, according to October 2022 Virginia casino numbers released Tuesday.

The temporary casino in Bristol generated more than $14.1 million in its most recent reporting month. October marked the fourth report issued by the Virginia Lottery.

Hard Rock’s site in Bristol is the first temporary casino to open in the state. It opened in July.

Bristol Casino’s revenue so far:

  • July (opened on 7/8) — $11,717,478
  • August — $14,279,379
  • September — $14,305,177
  • October — $14,144,159.77

Slots, table games both flat in October 2022 Virginia casino report

Both slot machine and table game revenue came in slightly lower but steady compared to September. Bristol gamblers 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

Table game revenue

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

Altogether, the casino raised more than $2.5 million in taxes for the state.

  • About $849,000 (6%) will go to a regional commission. The group can guide the money toward
    • education
    • transportation
    • and public safety
  • The state uses $20,368 for gambling treatment programs (0.8%)
  • Finally, the state directs $5,091 to the Family and Children’s Trust Fund (0.2%). The fund focuses on family violence treatment and prevention.

The amounts leave $1.67 million for the Gaming Proceeds Fund. State law directs betting revenue toward Virginia’s K-12 education program.

The Virginia Lottery Board approved the casino license for Hard Rock Hotel & Casino in April 2022. The first bettors arrived on July 8.

Bristol Casino — Future Home of Hard Rock, features three restaurants, over 870 slots, 21 table games, betting windows for the Hard Rock Sportsbook and the Rock Shop retail store.

Developers want to open the full-scale casino in Bristol by the summer of 2024.

The casino’s president, Allie Evangelista, will lead a groundbreaking ceremony for the permanent Hard Rock Hotel & Casino Bristol. That could happen yet this month.

Plans in Bristol call for 700 hotel rooms and:

  • A 100,000+ square-foot casino
  • Almost 30,000 slots
  • 100 table games
  • 20,000-seat, outdoor live-music venue
  • 3,200-seat amphitheater
  • retail shops
  • spa
  • pool

 

Photo by Shutterstock Graphic
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Russ Mitchell

Russ Mitchell covered news and sports in Iowa since 1997, including 11 years as managing editor for one of the most decorated community newspapers in the state. He joined PlayIA as a lead writer and managing editor in 2021. He anxious to explore the growing Virginia gaming industry.

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