12 Best Gambling Stocks to Buy According to Analysts

9. Accel Entertainment Inc. (NYSE:ACEL)

Analysts’ Upside Potential as of April 11: 45.99%

Accel Entertainment, Inc. (NYSE:ACEL) is ranked ninth on our list of the Best Casino Stocks. It is a US-based distributed gaming and local entertainment operator. It installs, maintains, operates, and services gaming terminals and related equipment, redemption devices that disburse winnings and include automated teller machine functionality, and amusement devices in licensed non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. The company also operates standalone ATMs in both gaming and non-gaming settings. Its revenue sources include net gambling, amusement, manufacturing, ATM fees, and others.

Accel Entertainment, Inc. (NYSE:ACEL)’s bull case revolves around its strategic development beyond Illinois, particularly the $164.2 million acquisition of 900 venues and 8,300 video terminal machines in Montana and Nevada, which significantly broadens its geographic footprint and revenue source. The business is also entering the casino market with its Fairmount Park acquisition, which is expected to generate $25 million in EBITDA annually if Phase 2 is completed by FY 2027, adding a new growth vertical.

The firm’s revenue climbed 5% to $1.231 billion in FY 2024, fueled by robust sales per unit in most areas. These moves show Accel Entertainment, Inc. (NYSE:ACEL)’s capacity to expand both organically and through effective acquisitions, placing it in a strong position for long-term earnings growth and market share gains in a regulated and quickly expanding gambling environment.