Virginia ABC Exceeds $1B in Total Revenue

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RICHMOND, Va. (WFXR) – The Virginia Alcoholic Beverage Control Authority (ABC) announced fiscal year 2019 revenue exceeds $1 billion, an increase in $71.8 million over the previous year. Virginia ABC revenue includes the sale of distilled spirits, license fees and other miscellaneous revenue sources.

For fiscal year 2019, ABC disbursed a total of $499.5 million, a $34.8 million increase over the previous year. These profits reflect $196.7 million on sales, $223 million in retail taxes and $79.8 million collected in wine and beer taxes.

Retail sales grew 7.1% during fiscal year 2019 and licensee sales (sales to restaurants) climbed 6.3%. New ABC stores which opened up generated nearly $8 million in sales. There were eight store remodels and four store relocations in the state. Sunday sales continue to play a role in the rising revenue, increasing by 7.4% in fiscal year 2019 to $79 million.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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