The tax revenue will be split between 12 counties and two cities in Southwest Virginia by the commission. This amount will be disbursed to the Regional Improvement Commission, a body created by the General Assembly, which will “determine the best use for the funds,” Chapman said. “And that doesn’t include the sports book, which is available right now, too,” Chapman said.Īnd in less than three months of operation, it brought in $2.41 million in gaming tax revenue. Since opening this summer, it has reported about $40.3 million in adjusted gross revenue.

The temporary casino generated $14.3 million in adjusted gross revenue in September alone, according to the Virginia Lottery. The permanent Hard Rock casino in Bristol was projected to bring in $130 million in net gaming revenue and $35 million in gaming tax revenue in its first year, according to the Joint Legislative Audit.īut the temporary Bristol Casino is on track to bring in more than $171 million in net revenue in its first year of operation, Chapman said. The Hard Rock name won’t be attached to the property until the full resort opens in 2024. “If the trend continues unchanged, it will actually exceed what the Joint Legislative Audit forecasted for the fully developed casino in 2025.” The temporary Bristol Casino (seen here in a photo taken in late June) opened in the former Belk store, around the back of the old mall property.

“It’s actually kind of crazy, the numbers it’s pulling,” said Bristol’s economic development specialist Mack Chapman. It opened July 8, and has already seen considerable financial success.

If the temporary casino in Bristol is any indication, this may mean millions more in tax revenue for Danville.īristol is home to Virginia’s first - and right now, only - temporary casino, called the Bristol Casino, future home of Hard Rock. Caesars Virginia will open a temporary casino in Danville in 2023, a year ahead of the permanent casino resort, scheduled for 2024.

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