Southwest Virginia collects its first jackpot this week, dividing over $8.7 million in gambling tax proceeds generated by the first year of play at the Bristol Casino.
In its first 12 months of operation, the Bristol Casino reported over $160 million in adjusted gaming revenue, generating about $28 million in state gaming taxes with $8.7 million flowing back to this region.
On Thursday the Regional Improvement Commission unanimously voted to evenly distribute the locality portion of state gaming tax revenues among its 12 county and two city members, which represents the state’s Bristol transportation district.
The Virginia Lottery recently transferred the funds to the commission’s bank account and individual checks are scheduled to be cut and mailed out today, commission Chair and Washington County Administrator Jason Berry said Thursday.
