Accel Entertainment Posts Record Revenue on Expansion and Illinois Growth
Event summary
- Accel Entertainment reported Q2 2026 revenue of $368 million, up 10% YoY.
- The company operates 4,676 locations with 29,281 gaming terminals, a 6% and 7% increase respectively.
- Net income rose 72% to $13 million, despite $5 million in contingent earnout share losses.
- Illinois operations (excluding Fairmount Park) grew 6% YoY on improved hold-per-day metrics.
- Accel repurchased 500,000 shares for $5.6 million and maintains net leverage of 1.4x.
The big picture
Accel's distributed gaming model continues to thrive on local partnerships and regulatory tailwinds in Illinois. The company's disciplined capital allocation—including share buybacks and strategic acquisitions—positions it for further expansion into Chicago and emerging markets like Louisiana and Nevada. With a strong balance sheet and undrawn credit facility, Accel is well-equipped to capitalize on the growing demand for localized gaming experiences.
What we're watching
- Chicago Market Access
- How quickly Accel can secure Chicago video gaming licenses and connect terminals to the Central Communications System.
- Regional Expansion
- Whether Nebraska and Georgia can sustain Adjusted EBITDA growth as key markets for long-term earnings.
- Fairmount Park Development
- The pace at which Fairmount Park's table games, racing season, and permanent casino plans drive profitability.
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