The Virginia Lottery Total $55.1 Million

The Virginia Lottery released its report on casino gaming activity for the month of August 2023. Virginia has three operating casinos: Hard Rock Hotel & Casino Bristol, Rivers Casino Portsmouth and Caesars Virginia. 바카라사이트

During August, the Virginia casino’s gaming revenue totaled $55.1 million. Virginia law evaluates the tax graded on the casino’s adjusted gross income, or bets minus the jackpot, and $9.9 million in tax was paid to the Game Profit Fund.

The Virginia Lottery Board approved casino permits for Hard Rock Hotel & Casino 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 Board approved a casino permit for Rivers Casino Portsmouth in November 2022, and the casino opened to the public on January 23, 2023. The Virginia Lottery Board approved casino permits for Caesars Virginia in April 2023, and the temporary facility in Danville opened to the public on May 15, 2023.

The statute of state taxes for casino AGR specifies distribution to the problem gambling treatment support fund, family and child trust fund and host cities, and for Bristol casinos, distribution of taxes reserved for host cities to the Regional Improvement Commission (RIC).