VIRGINIA LOTTERY RECORDS $57.3 MILLION IN GAMING REVENUE FOR JULY

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Virginia Lottery released a report on casino gaming activities for the month of July 2023. Virginia has three operating casinos: Hard Rock Hotel & Casino Temporary Bristol, Rivers Casino Portsmouth and Caesars Virginia.

Virginia Casino’s gaming revenue totaled $57.3 million during July. Virginia law evaluates casino’s AGR, or step-by-step tax excluding winning in betting, with $10.3 million in taxes paid into the game’s revenue fund.

Total classification:

Slot: $41,197,396.28
Table Games: $16,098,556.50

The Virginia Lottery Board approved casino permits for Hard Rock Hotels & Casinos Temporary Bristol in April 2022, and the temporary facility on the former Bristol Mall site opened to the public on July 8, 2022. The Virginia Lottery Commission approved casino permits for Reverse Casino Portsmouth in November 2022, and opened them to the public on January 23, 2023. The Virginia Lottery Commission approved casino permits for Caesars Virginia in April 2023, and the temporary facility in Danville opened to the public on May 15, 2023.

Among the state taxes on casino AGR, the statute specifies distributions to problem gambling treatment support funds, family and child trust funds, and host cities. In the case of Bristol Casino, it specifies the distribution of taxes reserved for the host city to the Regional Improvement Committee (RIC). The timing of the distribution varies, but the allocation of monthly taxes in casino activities is as follows: 바다이야기

Total classification:

Host City/RIC (6% of AGR): $10,313,271.50
Problem Gambling Treatment and Support Fund (0.8% of Total Tax): $3,437,757.17
Family and Children Trust Fund (0.2% of total tax): $20,626.54
Remaining amount available in gaming progress funds: $6,772,381.61

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