Accel Entertainment is considering bringing its gaming and entertainment model to Chicago after the city's VGT announcement.
The City Council Office of Financial Analysis estimates $64 million in annual tax revenue potential from VGTs.
Accel expects to capitalize on the Chicago VGT market despite a projected 10-year ramp-up period.
Chicago's VGT announcement presents a strategic opportunity for Accel Entertainment to expand its footprint and revenue streams in a lucrative market.
Revenue Potential
The City Council Office of Financial Analysis estimates a significant $64 million incremental annual tax revenue for Chicago from VGTs, highlighting a substantial revenue opportunity for Accel Entertainment in the Chicago market.
Growth Projection
Anticipated revenue generation kick-off by Q3 or Q4 of 2026, with a gradual revenue increase over time, signaling a strategic long-term growth trajectory for Accel Entertainment in Chicago.
Capital Deployment
Accel Entertainment is positioned to utilize its existing resources for entry into the Chicago market, pending finalization of regulatory and operating frameworks, showcasing a strategic approach to capital deployment for market expansion.
- Accel Entertainment is strategically evaluating capital deployment strategies to enter the Chicago VGT market, aiming to seize market opportunities efficiently and maximize returns.
- With its established infrastructure and expertise, Accel Entertainment is poised to capitalize on the new Chicago VGT market, enhancing its market position and revenue potential.
Accel Entertainment is proactively assessing the evolving landscape of the Chicago market and remains committed to keeping stakeholders informed as the market dynamics unfold, aligning its strategic decisions with market developments to optimize growth and value creation.