| Schedule of Property and Equipment Useful Lives |
Depreciation has been computed using the straight-line method over the following estimated useful lives: | | | | | | | Years | | Gaming terminals, software and equipment | 3-13 | | Amusement, ATM and other equipment | 7-10 | | Office equipment and furniture | 7 | | Computer software and equipment | 3-5 | | Leasehold improvements * | 5 | | Vehicles | 5 | | Buildings and improvements | 15-29 |
* Leasehold improvements are amortized over the shorter of the useful life or the lease. Property and equipment, net consists of the following as of December 31 (in thousands): | | | | | | | | | | | | | 2025 | | 2024 | Gaming terminals, software and equipment | $ | 472,444 | | | $ | 415,003 | | Amusement, ATM and other equipment | 28,294 | | | 29,174 | | | Office equipment and furniture | 7,774 | | | 4,281 | | Computer software and equipment | 26,153 | | | 23,136 | | | Leasehold improvements | 12,156 | | | 10,151 | | | Vehicles | 22,526 | | | 22,974 | | Buildings and improvements (1) | 51,412 | | | 30,105 | | Land (1) | 9,086 | | | 7,718 | | | Construction in progress | 3,719 | | | 4,453 | | | Total property and equipment | 633,564 | | | 546,995 | | | Less accumulated depreciation and amortization | (283,260) | | | (238,998) | | Total property and equipment, net | $ | 350,304 | | | $ | 307,997 | |
(1) Includes properties leased to third parties of $10.0 million and $7.0 million for the years ended December 31, 2025, and 2024, respectively.
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| Disaggregation of Revenue |
Total net revenues for the years ended December 31, is disaggregated in the following table by the primary states in which the Company operates given the geographic economic factors that affect the revenues in the states. | | | | | | | | | | | | | | | | | | | (in thousands) | 2025 | | 2024 | | 2023 | Total net revenues by state: | | | | | | | Illinois | $ | 963,165 | | | $ | 906,572 | | | $ | 867,200 | | | Montana | 164,323 | | | 161,698 | | | 154,402 | | | Nevada | 108,884 | | | 114,551 | | | 117,074 | | Louisiana(1) | 37,580 | | | 5,445 | | | — | | Nebraska | 33,233 | | | 25,384 | | | 19,043 | | Georgia | 19,891 | | | 13,209 | | | 8,475 | | All other | 3,884 | | | 4,113 | | | 4,226 | | | Total net revenues | $ | 1,330,960 | | | $ | 1,230,972 | | | $ | 1,170,420 | |
(1) Revenues for Louisiana only represents two months of operations in 2024.
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