Canterbury Park Q3: Revenue grows 4.2% to $19.1m, net income improves 96.8%

Canterbury Park has reported its financial results for the third quarter of 2026, having increased net revenue 4.2% to $19.1m, while the operator also improved net income by 96.8% to nearly $1m. 

The operator believes that “strong operating margins and lower future capital expenditures” will result in “meaningful cash flow” in 2027. 

“This will allow the company to transition into ‘cash-harvesting mode’ next year as we expect to generate a meaningful improvement in cash flow. This will provide us with additional and meaningful optionality for returning capital to shareholders,” Canterbury Park President & CEO Randy Sampson said. 

In addition to the revenue and net income growth witnessed during Q3, Canterbury Park also managed to increase the operator’s adjusted EBITDA by 27.8% for a total of $3.8m. 

Casino revenue accounted for nearly $10.2m of Canterbury Park’s total Q3 revenue and increased 13.8%, while food & beverage revenue rose 2.9% year-over-year to just over $3.6m. 

Revenue from pari-mutuel and other operations both reported decreases for the quarterly period, falling by 9.5% and 9.8%, respectively, for totals of $2.9m and $2.4m. 

Even with operating expenses increasing to nearly $17.4m for Q3, Canterbury Park reported an increase in income from operations of 61.9% to $1.7m. Joint ventures operated by Canterbury Park are currently generating $87,000 per quarter in cash flow according to the Q3 2026 report. 

As part of recent horseracing news as well, Accel Entertainment is set to introduce new enhancements at its Fairmount Park Casino & Racing facility in Illinois, including an updated paddock space, jockeys’ quarters and racing office by 2027.

According to Fairmount Park GM Brian Jenkins, the facility set “several records” during the 2026 racing season, having run 18% more horses, 30 additional races and brought in nearly 19,000 more spectators compared to 2025.