Accel Entertainment, Inc. reported a total net revenue of $1.33 billion for the fiscal year ending December 31, 2025, marking an increase of 8.1% from $1.23 billion in 2024. The growth was primarily driven by a 6.0% rise in net gaming revenue, which reached $1.24 billion, attributed to an increase in gaming locations and terminals, as well as contributions from the newly opened Fairmount Park - Casino & Racing. Additionally, ATM fees and other revenues surged by 131.7% to $54.9 million, reflecting the expansion of the company's operations into racing.
In terms of profitability, Accel reported a net income of $51.3 million, a significant increase of 45.3% compared to $35.3 million in the previous year. This growth in net income was supported by an 18.7% rise in operating income, which reached $107.9 million. The company's operating expenses also increased, totaling $1.22 billion, up 7.3% from $1.14 billion in 2024, driven by higher costs associated with revenue generation and general administrative expenses.
Strategically, Accel has been active in expanding its footprint through acquisitions, including the Fairmount Park - Casino & Racing, which opened in April 2025, and the acquisition of Toucan Gaming in late 2024. These acquisitions are part of Accel's strategy to enhance its market presence and diversify its offerings in the gaming sector. The company also reported a total of 4,501 locations and 27,950 gaming terminals as of December 31, 2025, reflecting a 2.2% increase in locations and a 2.9% increase in terminals compared to the previous year.
Looking ahead, Accel Entertainment expressed optimism about its growth trajectory, citing plans to continue expanding into new jurisdictions and enhancing its product offerings. The company aims to leverage its established relationships with location partners and its comprehensive gaming-as-a-service platform to drive further revenue growth. However, it acknowledged potential risks, including regulatory changes and economic conditions that could impact consumer spending and gaming activity. The company remains committed to monitoring these factors closely as it pursues its strategic objectives.
About Accel Entertainment, Inc.
Accel Entertainment, Inc. operates as a leading U.S. distributed gaming and local entertainment provider, offering turnkey gaming solutions including installation, operation, and maintenance of gaming terminals in bars, restaurants, truck stops, and similar venues. The company designs proprietary gaming equipment and provides amusement devices, cash management, and player rewards. Its business model centers on long-term contracts with local partners, delivering recurring revenue through technology-enabled gaming and comprehensive support services.
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