If gaming continues at the level it has been for the first six months, it would mean nearly $164 million in adjusted gross revenues for the casino’s inaugural year. There were $14.75 million in taxes collected. 31, the casino posted $81.97 million in adjusted gross revenues, which is wagers minus winnings. If gaming continues at the same pace, the counties and cities are on track to receive more than $700,000 each for the casino’s first year.īetween July 8, when Bristol’s casino opened, and Dec. The two cities and 12 counties will each receive more than $351,000 for the first six months of operations, July to December, according to monthly reports from the Virginia Lottery, which oversees casino gaming in the state. Though smaller than advertised, that’s still considerably larger than city and state projections expected at the end of 2019.Smyth County is one of 14 localities in far Southwest Virginia that will benefit from tax revenue from the Bristol Casino, which opened in July in a temporary facility but is expected to open as a full-fledged Hard Rock resort and casino next year. Now, the tribe is saying the Norfolk casino will be a $500 million resort and casino with a 300-plus room hotel and attached parking deck for about 2,000 cars. The rise of potential competition ultimately shrank the expected size of the Pamunkey tribe’s Norfolk casino - but gave them the option to also build one in Richmond. The issue is scheduled to be on the ballot in Richmond this fall.)

(Voters in Bristol, Danville and Portsmouth also approved casinos. The casino was approved by Norfolk voters nearly 2 to 1 last November, despite two separate petition drives seeking to beat back the agreement with the city and an opposition movement targeting the referendum.

Eventually, legislators worked out a deal to license casinos in five Virginia cities - Bristol, Danville, Richmond, Portsmouth and Norfolk - pending the results of a local referendum. That announcement whipped up a whirlwind in the General Assembly, prompting state lawmakers to reconsider the state’s casino ban. E-Pilot Evening Edition Home Page Close Menu

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