Like many other retailers and government entities, Virginia ABC made changes in its business practices because of global and societal adjustments brought on by COVID-19. In many ways, we benefitted from these innovative solutions to serve our customers, even if the adjustments were prompted by changing industry conditions. New business practices resulted in a 24th consecutive record-breaking fiscal year for the Authority. Virginia ABC reached gross revenues of $1.4 billion and contributed $622.8 million to the Commonwealth for designated state programs and services. ABC’s ability to not only stock the bar, but also to raise the bar, makes our organization one of the best places to work.
View the 2022 annual report (PDF) for audited financial statements and other statistical information and highlights.
Virginia ABC has four main sources for revenue: sales of distilled spirits at stores, state-imposed taxes collected on beer and wine sales, violation penalties and license fees.
As one of 17 states that control the distribution of distilled spirits, Virginia shares the common goal of safely and responsibly administering the sale and distribution of alcoholic beverages. Virginia ABC's accredited Bureau of Law Enforcement works to ensure that adults who choose to responsibly consume alcohol can do so in a safe environment—one that operates in compliance with the laws and regulations of the commonwealth.
The significant social benefits of Virginia’s model of controlled distribution of distilled spirits goes beyond the money transferred to the general fund—Virginia ABC continues to lead the commonwealth in alcohol education and prevention initiatives and offers training and materials for use by employees of licensed establishments and communities. In addition, ABC provides thousands of dollars in grant funding for prevention and education programs focused on enhancing community coalitions and developing initiatives at colleges and universities throughout the commonwealth.
Fiscal Years 2020-2022 (PDF)
Older annual reports are available through Virginia's Legislative Information System.
Sales and Revenue