Bristol Casino’s Surge In Sales To Pay RIC Over $976K

Bristol Casino’s significant revenue surge translates into a significant $976,206 payment to the Regional Improvement Council (RIC), which represents more than a dozen local governments in Southwest Virginia. The casino, which is subject to 18% tax, allocates one-third of that amount to the RIC. The law mandates that local governments within the RIC use this fund to improve transportation, education, and public safety infrastructure.

The RIC includes counties such as Lee, Scott, Wise, Dickenson, Buchanan, Russell, Washington, Smith, Tasman, Tasman, Grayson, Bland, and Whyte, along with Bristol and the city of Norton. In particular, funds are not allocated according to population adjustments and are distributed evenly to 14 local governments. 카지노사이트 순위

The cumulative funds these regions receive currently exceed an impressive $16.7 million, reflecting the significant economic impact generated by Bristol casinos. Bristol casinos continue to solidify their position as a key player in the Virginia gaming landscape with groundbreaking revenue performance and ongoing expansion plans, promising further growth and prosperity in their regions.

Leave A Reply

Your email address will not be published. Required fields are marked *