Company: ACEL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001698991-25-000011
Chunk: 183

Company: Accel Entertainment, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 183
---
 fair value of the contingent earnout shares is considered a discrete item for tax purposes and was the primary driver for the fluctuations in the tax rate year over year. 

Key Business Metrics

We use statistical data and comparative information commonly used in the gaming industry to monitor the performance of the business, none of which are prepared in accordance with U.S. GAAP, and therefore should not be viewed as indicators of operational performance. Our management uses these key business metrics for financial planning, strategic planning and employee compensation decisions. The key business metrics include:

•Number of locations 

•Number of gaming terminals and;

•Location hold-per-day

We also periodically review and revise our key business metrics to reflect changes in our business.

Number of locations

The number of locations is based on a combination of third-party portal data and data from our internal systems. We utilize this metric to continually monitor growth from organic openings, purchased locations, and competitor conversions. Competitor conversions occur when a location chooses to change terminal operators. 

The following table sets forth information with respect to our primary locations:

As of December 31,Increase / (Decrease)20242023ChangeChange %Illinois2,775 2,762 13 0.5 %Montana619 609 10 1.6 %Nevada357 352 5 1.4 %Nebraska270 238 32 13.4 %Louisiana96 — 96100.0 %Total locations4,117 3,961 1563.9 %

Number of gaming terminals 

The number of gaming terminals in operation is based on a combination of third-party portal data and data from our internal systems. We utilize this metric to continually monitor growth from existing locations, organic openings, purchased locations, and competitor conversions.

38

The following table sets forth information with respect to the number of gaming terminals in our primary locations:

As of December 31,Increase / (Decrease)20242023ChangeChange %Illinois15,693 15,276 417 2.7 %Montana6,467 6,276 191 3.0 %Nevada2,650 2,704 (54)(2.0)%Nebraska948 827 121 14.6 %Louisiana588 — 588 100.0 %Total gaming terminals26,346 25,083 1,263 5.0 %

Location hold-per-day 

Location hold