Accel Entertainment Hits Record $1.2B Revenue in 2024
Key Takeaways
Accel Entertainment reports a record revenue of $1.2 billion for 2024, despite a decline in net profit. In the fourth quarter, revenue reached $317.5 million, reflecting a 6.9% increase compared to the previous year. However, Q4 net profit dropped by 47.5% to $8.4 million. For the full year, net profit fell by 22.6% to $35.3 million.
Revenue Growth Despite Profit Decline
Despite rising revenues, Accel Entertainment experienced a significant decline in net profit. CEO Andy Rubenstein remains optimistic, citing strategic expansion efforts. These include entering the Louisiana market through the acquisition of Toucan Gaming and finalizing a deal for FanDuel Sportsbook & Horse Racing. Additionally, the company has started constructing a new casino, scheduled to open in Q2 2025.
Strong Markets and EBITDA Growth
Illinois remains Accel Entertainment’s most important market, contributing $906.6 million to total 2024 revenue. In the fourth quarter alone, the company generated $231.3 million in Illinois. Montana followed with $161.7 million. Nevada was the only market to see a revenue decline of 2.2%, dropping to $114.6 million.
Although net profit decreased, Accel managed to grow its adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). In the fourth quarter, EBITDA reached $47.4 million, marking a 6.2% increase. For the full year, EBITDA grew by 4.2% to $189.1 million.
Financial Challenges and Future Plans
At the end of 2024, Accel’s net debt stood at $314 million, an 11.8% increase from the previous year. Despite this financial burden, the company continues to focus on expansion and strategic investments.
Our Assessment
Accel Entertainment demonstrates strong market positioning through its revenue growth but struggles with declining net profits. The expansion into Louisiana and the construction of a new casino could drive higher long-term earnings. However, it remains to be seen how increasing debt and declining profitability will impact the company’s future.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Comic Book Slots – Best Comic-Themed Slots
Reading time: ~ 2 minutes
-
Anime Slots – Anime-Themed Slots
Reading time: ~ 2 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 2 minutes
-
Space Slots – Best Space-Themed Slots
Reading time: ~ 2 minutes
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency