Bristol virginia casino economic growth12/31/2023 Virginians currently wager over $1 billion annually on these forms of gaming, generating about $600 million in revenue for various purposes, primarily K–12 education. Gambling has long been prohibited in Virginia, with the exception of lottery, charitable gaming, and wagering on horse races. SB 1126 was passed by the 2019 General Assembly to authorize the development of casinos in five localities-Bristol, Danville, Norfolk, Portsmouth, and Richmond-and its enactment was made contingent on the JLARC review and approval by the 2020 General Assembly. The 2019 General Assembly directed JLARC to conduct a review of casino gaming laws in other states, evaluate the Commonwealth’s current and potential gaming governance structures, project potential revenues from expanding legal forms of gaming, and evaluate the impact of expanding gaming on the Virginia Lottery, historical and live horse racing revenue, and charitable gaming revenue.
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