Accel Entertainment, Inc. has announced its first-quarter 2026 results, marking a record-breaking performance with a 9% year-over-year increase in revenue, reaching $352 million. The company’s adjusted EBITDA also saw a 9% rise, totaling $54 million, highlighting the continued strength of its operations. This performance signals a strong start to the year as Accel builds momentum across its diverse markets, driven by steady growth in Illinois and rapid expansion into emerging regions.

Record Revenue and Expansion Across Markets

Accel’s revenue growth was particularly driven by robust results in Illinois, its largest market, where the company saw an 8.3% increase in revenue, totaling $252.8 million. This was supported by strategic location optimization, new machine placements, and ongoing customer adoption of ticket-in, ticket-out (TITO) technology. As a result, the company experienced an increase in the average hold per location per day, signaling improved performance from its existing operations.

Outside Illinois, Accel’s developing markets also contributed significantly to the quarter’s success. Nebraska and Georgia both posted impressive double-digit revenue growth, demonstrating Accel’s effective expansion strategy. The company’s overall growth was further bolstered by the addition of new locations, with the total number of gaming terminals increasing by 4% to 28,353.

CEO Andy Rubenstein expressed his confidence in Accel’s continued growth, stating, “We delivered our highest-ever Q1 adjusted EBITDA, and our revenue continues to show strong growth across the board. The first quarter’s results reflect our disciplined execution and solid platform across Illinois and our expanding markets.”

Expansion and Strategic Investments

Accel’s growth was also supported by strategic investments, including a $12 million share repurchase program during the quarter, where the company bought back 1.1 million shares. This move highlights Accel’s commitment to returning capital to shareholders while maintaining a healthy balance sheet. As of March 31, 2026, Accel had $274 million in cash and net debt of approximately $306 million, positioning the company for continued flexibility and growth.

In addition to its existing markets, Accel’s strategic focus on Chicago has the potential to significantly boost its future prospects. The company is currently preparing for the opening of gaming terminals in Chicago, with the Illinois Gaming Board processing applications for local establishments. Rubenstein highlighted that Accel’s established infrastructure, route management platform, and strong local relationships position the company to capitalize quickly once the market opens.

Another key highlight of the quarter was the successful launch of table games at Fairmount Park Casino & Racing in April 2026. This expansion adds new entertainment offerings and broadens Accel’s customer base. The property also commenced its second racing season, with increased purses and growing customer engagement, demonstrating the company’s ability to diversify and enhance its product offerings.

Accel has also made strides in Nevada, where it continues to expand its footprint. The company’s acquisition of Dynasty Games in late 2025 added 20 locations and 120 terminals in northern Nevada, while a new route partnership with Rebel Convenience Stores in southern Nevada has added another 55 locations and over 400 machines. These strategic moves are expected to contribute to continued growth in the state.

Looking ahead, Accel is focused on achieving steady organic growth in its core markets, scaling profitability in emerging regions, and pursuing strategic acquisitions to strengthen its position. The company’s disciplined approach to expansion and capital allocation will be crucial as it navigates the remainder of 2026 and beyond. As Rubenstein noted in the company’s press release, “Our priorities are clear: we aim to drive steady organic growth, scale profitability in emerging markets, and execute disciplined acquisitions.”