The Market For Sports Betting Kiosks Will Grow In Tandem With The Expanding Sports Betting Industry.

Sports Betting Kiosk Market 

The global sports betting kiosk market is estimated to be valued at US$ 2.82 Billion in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031. Sports betting kiosks are self-service kiosk vending machines that allow bettors to place bets electronically without the need for human interaction with bookmakers. Cashless betting functionality and ability to place bets remotely without waiting in long queues are major advantages of sports betting kiosks driving their demand. The global sports betting market is growing at a rapid pace owing to the legalization of sports betting in various markets and the immense popularity of e-sports betting. This rapid expansion of the sports betting industry worldwide is a major opportunity for the sports betting kiosk market to grow at the highest pace.

 

Market Trends

One of the main factors influencing innovation in sports betting kiosks is the expanding acceptance of cryptocurrency and blockchain technology applications in the betting sector. Prominent kiosk producers are creating betting kiosks with blockchain integration so that customers can wager with cryptocurrency. The emergence of multi-lane betting kiosks, which can accommodate numerous users simultaneously without waiting, is another significant trend that is improving gambler convenience at retail betting shops and stadiums.


Key Takeaways

Key players operating in the Sports Betting Kiosk Market Growth are International Game Technology PLC, KIOSK Information Systems, Olea Kiosks, Inc., SG Gaming, JCM Global, Kambi Group PLC., ISI, LTD., NOVOMATIC Sports Betting Solutions, Olea Kiosks, Inc., SBTech Malta Limited, Captec Ltd., Scientific Games Corporation, EasyPay System, Leroy's Sportsbooks, Juro Trading. The demand for sports betting kiosks is growing significantly owing to their benefits over traditional betting methods at bookmaker shops and casinos. Sports betting kiosks offer a cashless and convenient betting experience to users without the need to wait in long queues. Technological advancements such as integration of interactive touchscreens, gesture and voice control and other features are enhancing the user experience of sports betting kiosks.

Market Opportunities

One of the biggest market opportunities for sports betting kiosk manufacturers is the vast untapped Asian market. Countries like India, China, Philippines etc. have huge sports fan bases and offer high growth potential for betting markets. Partnering with Asian betting operators and adapting kiosks to local preferences will help global kiosk manufacturers tap into new growth avenues. Growing popularity of mobile sports betting apps also presents an opportunity to develop hybrid betting kiosk-mobile app solutions integrated with predictive analytics for a personalized betting experience.

Impact of COVID-19 on Sports Betting Kiosk Market Growth
The COVID-19 pandemic has significantly impacted the growth of the global sports betting kiosk market in the short term. With the cancellation and postponement of major sporting events worldwide, the demand for sports betting experienced a steep decline during the initial months of the outbreak. This subsequently impacted the deployment and sales revenue of sports betting kiosks across venues during this period. However, with the gradual resumption of sports activities since mid-2020 and lifting of lockdown restrictions in various countries, investments in sports betting infrastructure including kiosks have started gaining momentum once more.

Many sports betting operators leveraged this opportunity to focus on digital platforms and mobile apps to engage with customers. Live betting options on other virtual sports helped generate some revenue until live sporting events resumed. Looking ahead, with vaccination drives progressing in many nations and a return of fans to stadiums, the sports betting kiosk industry is anticipated to witness strong revival. Continuous technology advancements incorporating touchless functionalities, cashless payments and enhanced security features will further aid market recovery and growth prospects in the coming years.

Europe has traditionally been the largest regional market for sports betting kiosks by value, driven by strong gambling culture and regulations permitting betting across major countries. Mature markets like the UK and Germany account for a significant share due to large consumer bases frequently visiting betting shops and betting terminals located in pubs and clubs. However, with growing popularity of sports leagues and events, both North America and Asia Pacific regions are emerging as high potential opportunities for market players. Countries like the US, Canada, India and China are witnessing higher deployment of betting kiosks coupled with liberalizing betting laws and regulations. Meanwhile, Latin America and Middle East & Africa also present lucrative prospects for market expansion through innovative product offerings catering to local preferences and regulations.

While Europe continues to lead the sports betting kiosk industry currently, North America is anticipated to showcase the fastest growth through the forecast period, supported by legalization of sports betting across multiple states in the US. Changes in federal regulations coupled with rising popularity of major leagues like the NFL, NBA, MLB are encouraging investments from domestic as well as international players. Moreover, high penetration of smartphones and online connectivity provide a strong base for integrating advanced cashless and connected functionalities among betting terminals. This will further augment the regional market in the coming years.

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