Virginia Lottery Releases March Casino Activity Report
(April 14, 2023) — Today, the Virginia Lottery released its report on casino gaming activity for the month of March 2023. Gaming activity is from HR Bristol and Rivers Casino Portsmouth.
During March, gaming revenues from Virginia casinos totaled $37.4 million. Virginia law assesses a graduated tax on a casino’s AGR, or wagers minus winnings, and $6.7 million in taxes were paid to the Gaming Proceeds Fund.
The Virginia Lottery Board approved the casino license for HR Bristol in April 2022, and the temporary facility on the site of the former Bristol Mall opened to the public on July 8, 2022. The Virginia Lottery Board approved the casino license for Rivers Casino Portsmouth in November 2022 and the casino opened to the public on January 23, 2023.
| March 2023 | HR Bristol |
Rivers Casino Portsmouth |
Total Adjusted Gaming Revenue |
||
| Count | AGR | Count | AGR | ||
| Slots | 888 | $11,890,991.30 | 1420 | $15,954,114.60 | $27,845,105.90 |
| Table Games | 29 | $1,913,391.75 | 81 | $7,672,733.00 | $9,586,124.75 |
| Total | 917 | $13,804,383.05 | 1501 | $23,626,847.60 | $37,431,230.65 |
Of the state tax on casino AGR, the statute specifies distributions to the Problem Gambling Treatment and Support Fund, the Family and Children’s Trust Fund, and the host city. For the Bristol casino, the statute specifies the portion of taxes reserved for the host city go to the Regional Improvement Commission (RIC). The timing of the tax distributions varies, but the al__cpLocation of the monthly taxes from the casino activity is as follows:
| HR Bristol | Rivers Casino Portsmouth | Monthly Total | |
| Total Tax | $2,484,788.95 | $4,252,832.57 | $6,737,621.52 |
| Host City / RIC (6% of AGR) | $828,262.98 | $1,417,610.86 | $2,245,873.84 |
| Problem Gambling Treatment and Support Fund (0.8% of the total tax) | $19,878.31 | $34,022.66 | $53,900.97 |
| Family and Children’s Trust Fund
(0.2% of the total tax) |
$4,969.58 | $8,505.67 | $13,475.25 |
| Remaining available in the Gaming Proceeds Fund | $1,631,678.08 | $2,792,693.38 | $4,424,371.46 |
About Virginia Lottery
The Virginia Lottery assumed regulatory oversight of casino gaming in the Commonwealth in 2020. Taxes generated by casino gaming will benefit priorities as determined by the General Assembly. Information about casinos, including regulations and approvals, can be viewed at www.vagamingregulations.com.
