Virginia’s Hard Rock Casino Reports 10.5% Drop in Revenue for November

Lowest revenue figure since industry launched in July 2022

Virginia's Hard Rock Casino Reports 10.5% Drop in Revenue for November - Monday, December 19th, 2022 9:49

Hard Rock Casino
Virginia's Hard Rock Casino Reports 10.5% Drop in Revenue for November for the state’s casino industry which currently comprises one land-based casino — Hard Rock Hotel & Casino Bristol.

November saw Hard Rock Bristol generate almost $13 million in adjusted gross revenue (AGR) from casino games at its temporary facility on the site of the for Bristol Mall. The latest figures represent a 10.5% drop from the $14.1 million reported in October.

The casino’s 870 slot machines generated AGR of $10,410,087.22 while 21 table games generated $2,240,274.00. This brings the total AGR to $ from 891 games. This resulted in approximately $2.3 million in taxes for the state.

Virginia's Hard Rock Casino Reports 10.5% Drop in Revenue for November
  • Regional Improvement Commission (6% of AGR) — $759,021.67
  • Problem Gambling Treatment and Support Fund (0.8% of total tax) — $18,216.52
  • Virginia's Hard Rock Casino Reports 10.5% Drop in Revenue for November Virginia's Hard Rock Casino Reports 10.5% Drop in Revenue for November
  • Total Tax — $2,277,065.02

Virginia’s retail casino industry launched in July of 2022 when the Hard Rock Bristol opened its temporary casino facility, boosting the number of American casinos available.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.