Vristol’s Hard Rock Casino’s $40.3 million first quarter “adjusted gross revenue” (AGR) translates to more than $2.4 million for a regional fund meant to improve education, transportation and public safety across Southwest Virginia.
If the casino’s average daily revenues hold through a year, it would bring in 33% more than a legislative study’s predicted 2025 annual revenue, despite operating in a temporary location.
The casino grossed 3.5% more per day in September than it had in August, with $14.3 million in AGR. That amount is taxed at 18%, of which 6% goes to a commission representing 12 Southwest Virginia counties and two cities.
If the casino maintained its average so far of $474,142 a day in AGR, it would finish its first year with about $173 million of AGR in its first 365 days.
