Bristol Casino reports nearly $14M in April revenues
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BRISTOL, Va. – Adjusted gaming revenues for the first four months of this year topped $55 million for the Bristol Casino, future home of Hard Rock.
On Wednesday the Virginia Lottery released its monthly casino revenues report, showing the temporary Bristol Casino generated nearly $14 million in adjusted gaming revenue – hitting $13.94 million.
Through the first four months of the year, the casino’s revenues exceeded $55.7 million, or about 1% ahead of the first four months of 2023, lottery records show. With two months remaining in the fiscal year, Virginia’s first casino has generated about $136 million in gaming revenue.
That is nearly identical to the $136 million generated during the casino’s first fiscal year of operation, from July 2022 to April 2023.
The Bristol Casino reported $11.03 million in AGR from slot machines and $2.91 million from table games, which is right on its monthly averages.
That play generated $2.53 million in gaming tax for the state with over $836,679 directed to the Regional Improvement Commission to be divided evenly among the 12 counties and two cities included in the Southwest Virginia transportation district.
In this fiscal year the casino has generated over $8.12 million, or an average of $580,629 for each of the 14 localities, with two more months remaining.
Statewide, Virginia’s three operating casinos combined to generate over $60.1 million in adjusted gaming revenue and $10. 8 million in gaming tax revenue, the report shows.
Rivers Casino Portsmouth reported $26.44 million in total revenue, including $18.4 million from slots and $8.01 million from table games. More than $1.5 million in gaming tax will be remitted back to the host city.
Caesars Virginia reported $19.7 million in total revenue including $14.4 million from slots and $5.2 million from table games. More than $1.1 million will come back to the city of Danville.
All three casinos reported less income in April than March. Bristol reported $16.2 million in March, Portsmouth $27.7 million and Caesars Virginia reported over $21 million. As a consequence, state gaming tax revenue was about $1 million less in April than March.
Nearly 80% of Bristol’s revenue comes from slots while 21% comes from table games. In Portsmouth, over 69% is from slots and over 30% is from table games, while in Danville the split is about 74% slots and 26% table games, lottery figures show.
