September 2022 Virginia Casino Revenue Holds Steady

Written By Russ Mitchell on October 14, 2022 - Last Updated on August 1, 2023
September 2022 Virginia casino revenue

Bristol Casino — Future Home of Hard Rock turned in steady numbers for the month, according to the September 2022 Virginia casino revenue report released Friday.

The Virginia Lottery tracks betting revenue and taxes for the state. The temporary casino in Bristol generated $14.3 million last month. The adjusted gross revenue total is nearly identical to August totals.

Four Virginia casinos, including a much larger, permanent venue in Bristol, are under construction. For now, the future home of Hard Rock Hotel & Casino Bristol is the only casino taking bets in the state. Its revenue so far:

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

Hard Rock officials set up the temporary gaming area in a former Belk department store at Bristol Mall. The entire mall will eventually become Hard Rock Hotel & Casino Bristol. The city is right at the Virginia and Tennessee border.

Slots slide, table games tick up in September 2022 casino revenue

Virginia bettors may be getting more comfortable with the table games as the industry takes shape in Bristol. Slot machine revenue was slightly down from a month ago. A modest gain in table game profits helped September 2022 Virginia casino revenue set a new mark, however.

Overall, slot machine plays still drive profits at Bristol Casino.

Slot machine revenue

  • July — $10.2 million
  • August — $11.4 million
  • September — $11.3 million

Table game revenue

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

Altogether, the casino raised $2.6 million in taxes for the state.

  • The state uses another $20,600 for gambling treatment programs (0.8%)
  • About $858,000 (6%) will go to a regional commission. The group can guide the money toward
    • education
    • transportation
    • and public safety
  • Finally, the state uses $5,150 for the Family and Children’s Trust Fund (0.2%). The fund focuses on family violence treatment and prevention.

Looking beyond September 2022 casino revenue

Virginia will have four casinos soon, but the number could grow to five. The Virginia General Assembly and Richmond voters are the wild cards.

First, Richmond needs to fend off a bid from Petersburg in the next legislative session. If that goes well, voters in Richmond must then approve a new plan.

Here’s a look at the five plans:

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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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