Hard Rock Bristol Reports 3rd Consecutive $14 Million Month

Written By Nicholaus Garcia on November 16, 2022 - Last Updated on November 17, 2022
October 2022 Hard Rock Bristol casino in Virginia revenue

For the third consecutive month, Hard Rock Bristol generated over $14 million in adjusted gross revenue (AGR) for OctoberAccording to data from the Virginia Lottery, the Virginia casino recorded $14,144,160.

Once again, slot machines were the casino’s top earner, bringing in $11.2 million in revenue.

For now, the Bristol property is a temporary location. Eventually, it will become Hard Rock Hotel & Casino Bristol once construction on the permanent site is complete. 

Casino revenue numbers remain steady in October

Even though October was the lowest monthly revenue for the casino, the numbers have remained consistent since opening in July. 

Total revenue since opening on July 8:

  • October – $14.1 million AGR
  • September – $14.3 million AGR
  • August – $14.2 million AGR
  • July – $11.7 million AGR

The numbers are promising, considering the casino only has 870 slot machines and 21 table games.

Slot machines are still the top earner

As mentioned, slot machine revenue continues to be the big generator for Hard Rock. In October, the total AGR for slots and table games also remained consistent compared to previous months. 

Slot machine revenue by month:

  • October – $11.2 million AGR
  • September – $11.3 million AGR
  • August – $11.4 million AGR
  • July – $10.2 million AGR

Table game revenue by month:

  • October – $2.8 million AGR
  • September – $3 million AGR
  • August – $2.8 million AGR
  • July – $1.5 million AGR

Virginia casino tax breakdown

Since opening, the Hard Rock Bristol casino has generated $54.4 million in AGR, translating to $9.87 million in taxes to the state. Revenue from Virginia casinos is taxed at 18%, with 6% going to individual commissions in Southwest Virginia. 

For October, Hard Rock contributed $2.54 million in taxes, including a portion used for transportation, education, or public safety improvements. 

Tax revenue breakdown for October:

  • Total – $2,545,948
  • Regional Improvement Commission (6%) – $848,649
  • Problem Gambling Treatment and Support Fund (0.8%) – $20,367
  •  Family and Children’s Trust Fund (0.2%) – $5,091
  • Remaining available in the Gaming Proceeds Fund – $1,671,839

In time, Virginia will have at least four casinos operating in the state. Currently, four casinos are under construction, with a fifth planned in either Petersburg or Richmond. 

Once complete, the five Virginia casinos will be:

  1. Rivers Portsmouth Casino Resort – $300 million plan
  2. Hard Rock Hotel & Casino Bristol – $400 million plan
  3. HeadWaters Resort and Casino in Norfolk – $500 million plan
  4. Caesars Virginia Casino – $650 million plan
  5. One Resort + Casino in Richmond – $565 million plan (if approved in 2023) OR The Cordish Companies + Petersburg 
Photo by PlayUSA
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Nicholaus Garcia

Nick Garcia is a senior reporter for PlayUSA. Garcia provides analysis and in-depth coverage of the gambling industry with a key focus on online casinos, sports betting and financial markets. Garcia has been covering the US gambling market since 2017. He attended Texas Tech University as an undergrad and received a Master of Arts in Journalism from Columbia College Chicago.

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