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# Accel Entertainment Posts Record Q3 Revenue of $364m
- URL: https://www.igamingnews.biz/accel-record-revenue-locals-gaming/
- Published: 2026-11-03T12:00:00.000Z
- Updated: 2026-11-04T08:57:40.000Z
- Description: Accel Entertainment posted record Q3 2026 revenue of $364m, up 10%, as net income rose 55% and adjusted EBITDA grew 12% to $57m, a third-quarter high.
- Author: iGamingNews Editorial Desk
- Tags: Casino, Markets

*Image credit: Source: Accel Entertainment Q3 2026 earnings release (SEC Form 8-K, 3 November 2026).*

**Accel Entertainment reported third-quarter revenue of $363.6m, up 10% and a record for the quarter, while net income rose 55% and adjusted EBITDA reached $57.5m.**

The locals-focused gaming operator said adjusted EBITDA also set a third-quarter record, growing faster than revenue. Net income of $20.6m includes a $6m gain on the change in fair value of contingent earnout shares, which the company says was $3.6m higher than the gain in the third quarter of 2025.

- **Net revenues:** $363.6m, up from $329.7m
- **Net income:** $20.6m, up from $13.3m
- **Adjusted EBITDA:** $57.5m, up from $51.2m
- **Operating cash flow:** $79m; free cash flow $62m
- **Locations:** 4,705, up 6%
- **Electronic gaming machines:** 29,548, up 7%

## Illinois is still the core, and Fairmount Park is the growth lever

Illinois net revenue rose to $257.9m from $239.0m. Excluding Fairmount Park, Illinois revenue grew about 7% and hold-per-day about 9%. Chief Executive Mark Phelan credited the company's pruning of lower-performing locations and its shift of resources toward its strongest sites.

Gaming revenue at Fairmount Park rose about 84% year on year, according to the release. Of the growth rates the release cites, that is the largest.

Phelan said: "We delivered another period of double-digit revenue growth in the third quarter."

## Growth came from Nevada, Nebraska and Georgia

Nevada net revenue rose to $32.9m from $26.2m, about 25%. Nebraska rose to $12.1m from $8.5m and Georgia to $7.2m from $5.1m, both about 42%. Louisiana grew about 20%, to $11.3m from $9.5m. Montana was broadly flat at $41.1m against $40.5m.

For the nine months, net revenues were $1,083.2m against $989.5m, adjusted EBITDA was $170.2m against $153.9m, and net income was $47.8m against $35.2m.

## Balance sheet and buybacks

Accel ended the quarter with $294m of cash, $566m of total debt and $272m of net debt. It repurchased about 624,000 Class A-1 shares for $7.2m during the quarter. Phelan said the company's low leverage and substantial liquidity give it room to invest organically, pursue disciplined acquisitions and return capital to shareholders.

## Chicago and the leadership build-out

The company said it has completed the build-out of its senior leadership team and that its Chicago rollout has begun with receipt of its first licences. Phelan's appointment as chief executive, effective 7 August, is covered in [Mark Phelan Takes Over as Accel CEO on August 7](https://www.igamingnews.biz/accel-phelan-ceo-transition/).

The release does not give Chicago revenue guidance, so the scale of that rollout cannot be measured from this filing.