Accel Entertainment Net Profit Rises 55% in Third Quarter
United States.- 5 November 2026 | www.zonadeazar.com Accel Entertainment, one of the leading gaming terminal operators in the United States, has reported record third-quarter 2026 revenue of $364 million, representing year-on-year growth of 10%.
The company also recorded a 55% increase in net profit to $20.6 million, while adjusted EBITDA rose by 12% to $57.5 million.
The performance was supported by expansion across its venue network, stronger operations in Illinois and continued development in additional US markets.
Third-Quarter Financial Performance
Between July and September 2026, Accel Entertainment reported:
- Revenue: $363.6 million, up 10%.
- Net profit: $20.6 million, an increase of 55%.
- Adjusted EBITDA: $57.5 million, up 12%.
- Operating cash flow: $79.4 million.
- Free cash flow: $62 million.
The figures demonstrate improved profitability, with adjusted EBITDA growing faster than revenue.
Net profit also included an accounting gain of approximately $5.8 million related to the fair value of contingent earnout shares.
Accel Operates More Than 29,500 Gaming Machines
The company continued expanding its presence across the US land-based gaming market.
At the end of September, Accel operated:
- 4,705 locations, an increase of 6% year-on-year.
- 29,548 electronic gaming machines, up 7%.
Its business model primarily involves installing and managing gaming terminals in authorised venues, including bars, restaurants and entertainment establishments.
Accel provides technology, gaming content, payment solutions, maintenance and operational support to its commercial partners.
Illinois Remains the Largest Market
Illinois continues to be Accel Entertainment’s most important market.
During the third quarter, the company generated $257.9 million in revenue in the state, compared with $239 million in the corresponding period of 2025.
Excluding Fairmount Park, Illinois revenue increased by approximately 7%, supported by stronger machine performance and a greater concentration of higher-performing locations.
The company highlighted an approximately 9% improvement in daily gaming revenue retained per machine.
Nevada, Nebraska and Georgia Support Expansion
Accel also recorded growth across several regional markets.
Quarterly revenue included:
- Nevada: $32.9 million.
- Montana: $41.1 million.
- Nebraska: $12.1 million.
- Louisiana: $11.3 million.
- Georgia: $7.2 million.
The company highlighted particularly strong performances in Georgia, Nebraska and Louisiana, alongside continued expansion in Nevada.
These markets are helping diversify revenue and gradually reduce Accel’s dependence on Illinois.
Fairmount Park Gaming Revenue Increases 84%
Another important quarterly development was the performance of Fairmount Park – Casino & Racing in Illinois.
Accel reported that gaming revenue at the property increased by approximately 84% year-on-year.
The venue combines horse racing, electronic gaming machines, live table games and hospitality services.
Its development represents an opportunity for Accel to strengthen its presence in the wider land-based casino and entertainment market.
Mark Phelan Highlights Improved Profitability
Mark Phelan, CEO of Accel Entertainment, welcomed the record results and stronger operating performance.
He highlighted that adjusted EBITDA growth exceeded revenue growth, demonstrating the operating leverage of the company’s business model.
Phelan also emphasised disciplined capital allocation and investment in higher-performing gaming locations.
The executive noted that Accel continues strengthening its core business while diversifying future growth opportunities.
Chicago and Wyoming Offer New Growth Opportunities
The company is progressing with its strategy of geographic expansion.
In Chicago, Accel has begun rolling out operations following the receipt of its first licences.
The company also commenced operations in Wyoming during October 2026.
These developments represent additional commercial opportunities within the US distributed gaming market.
Accel intends to continue evaluating organic growth initiatives and strategic acquisitions.
Company Maintains Strong Financial Position
As of 30 September 2026, Accel reported:
- Cash and cash equivalents: $294 million.
- Total debt: $566 million.
- Net debt: $272 million.
During the third quarter, the company also repurchased approximately 624,000 shares for $7.2 million.
For the first nine months of 2026, cumulative revenue reached $1.083 billion, compared with $989.5 million in 2025.
These indicators support Accel’s capacity to finance further investment while maintaining its growth strategy.
Industry Impact and Next Steps
The results confirm Accel Entertainment’s expansion across the US land-based gaming market.
Growth in its gaming machine network, improving profitability in Illinois and the development of Fairmount Park are strengthening its competitive position.
With record quarterly revenue of $364 million, net profit growth of 55% and almost 30,000 gaming machines in operation, Accel Entertainment is consolidating its growth while preparing additional expansion opportunities in Chicago and other US markets.
The company will continue focusing on operational efficiency, geographic expansion and generating long-term shareholder value.
Edited by: @fonta
