Accel Entertainment, Inc.NYSE: ACEL

Q4 2025 Earnings Presentation

· Issued by Accel Entertainment, Inc.














As of December 31st





Reference Slide 37 in the Appendix (Glossary) for definitions and detailed

explanations of the acronyms used on this slide.



ILLINOIS EXAMPLE



TERMINAL OPERATOR

(Accel Entertainment)

Long-Term Contract

(Up to 8 Years in Illinois)

NET TERMINAL INCOME SPLIT

LICENSED LOCATIONS

Accel owns and operates VGTs and redemption terminals in licensed locations, in compliance with state regulations. (In Illinois 6 VGTs + 1 redemption terminal)

VIDEO GAMING

State

30"'

- Light & Wonder



0.92%

- Municipality

5'*'

Location drives traffic to generate other revenues (drinks, food, etc.)

TERMINALS

92% Payouts on Bets

PLAYERS

A high-performing, recurring revenue model generating approximately S80,OOO-$100,000 per location

in annual gross profit for both Accel and its licensed establishments.

*A 0.92% fee to Light & Wonder pursuant to contractual agreements related to the use of licensed hardware, software, and game content.







BRANDSDELIVERNATIONAL WITH

PARTNERS

PLAYERS

















•

•

•

•

15,534 2,705 $894M

As of December 31st, 2025

* Before revenue shares to State, Local Municipality and Retail Partners.



•

•

•

•

•

6,598 624 $140M

As of December 31st, 2025

* Before revenue shares to State, Local Municipality and Retail Partners.









•

•

•

•

2,996 408 $102M

As of December 31st, 2025

  • Before revenue shares to Retail Partners.





    •

    •

    •

    1,019 275 $30M

    As of December 31st, 2025

  • Before revenue shares to State, Local Municipality and Retail Partners.





•

•

•

*

1,119 389 $18M

As of December 31st, 2025

* Before revenue shares to State, Local Municipality and Retail Partners.









Investing TodayforTomorrow'sReturn

HlStOficalTrends:DOUbi9-Digit MliilohS in Revenue + âreakeven Pr0tt with Expected Future Upside



•

•

•

•

684 100 $35M

As of December 31st, 2025

* Before revenue shares to State, Local Municipality and Retail Partners.



•

•

•

•

253 1 $12M

As of December 31st, 2025

*Reference Slide 37 in the Appendix (Glossary) for definition of Adjusted Gross Revenue.











Innovation that Pays,StrategythatMaRers

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