Loading...
The May 20-23 product lottery is now open. Click here to enter.
Store
Virginia ABC > About > Sales and Revenue

Sales and Revenue

2023 Annual Report

2023 Annual Report

Success for organizations as large and diverse as Virginia ABC is only possible when teams work together. Enhanced business practices resulted in a 25th consecutive record-breaking fiscal year for the Authority. Overall sales revenue for ABC in fiscal year 2023 grew by $54.3 million to $1.472 billion. Total sales volume grew from 6.32 million cases to 6.46 million cases. Sunday sales increased by $3.4 million to $102.3 million. Saturday led all days, with $280.4 million in sales.

As our sales increased so did our contribution of funds to the Commonwealth. Virginia ABC’s total contribution for the fiscal year reached $609.7 million.

This fiscal success can be directly attributed to the efforts of the 4,921 people who work for the Authority. View the 2023 annual report (PDF) for audited financial statements and other statistical information and highlights.

Benefiting the Commonwealth

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.

Virginia Alcoholic Beverage Control Authority logo
Virginia ABC has contributed more than $13 billion to the commonwealth to support state services, including substance abuse prevention and treatment.

Strategic Plan