Company: ACEL
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001698991-25-000034
Chunk: 69

Company: Accel Entertainment, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 69
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 and other revenue of $14.7 million, an increase of $9.3 million, or 171.1%, which included revenue from our casino & racing operations. Those amounts were partially offset by a decrease in manufacturing revenue of $3.4 million, or 66.1%, primarily due to timing on software sales. Net revenues by state are presented below:

(in thousands)Three Months EndedJune 30,Increase / (Decrease)20252024Change ($)Change (%)Net revenues by state:Illinois$245,434 $227,093 $18,341 8.1 %Montana40,107 42,583 (2,476)(5.8)%Nevada27,078 29,322 (2,244)(7.7)%Louisiana9,630 — 9,630 N/ANebraska7,881 6,249 1,632 26.1 %Georgia4,814 3,137 1,677 53.5 %Other965 1,029 (64)(6.2)%Total net revenues$335,909 $309,413 $26,496 8.6 %

Cost of revenue

Cost of revenue for the three months ended June 30, 2025 was $229.8 million, an increase of $16.4 million, or 7.7%, compared to the prior-year period, driven by higher net gaming revenue and revenue from our casino & racing operations, as described above.

Cost of manufacturing goods sold

Cost of manufacturing goods sold for the three months ended June 30, 2025 was $0.9 million, a decrease of $2.3 million, or 72.0%, compared to the prior-year period due to lower manufacturing revenue, as described above.

General and administrative

General and administrative expenses for the three months ended June 30, 2025 were $54.9 million, an increase of $8.3 million, or 17.9%, compared to the prior-year period. The increase was attributable to higher compensation-related costs, as we continue to grow our operations. 

Depreciation and amortization of property and equipment

Depreciation and amortization of property and equipment for the three months ended June 30, 2025 was $13.1 million, an increase of $2.3 million, or 21.3%, compared to the prior-year period due to