The Sports Betting Kiosk Market powered by growing demand for on-the-go wagering
With wide popularity and increasing legalization of sports betting around the world, betting kiosks have emerged as a convenient platform for on-the-go wagering. Sports betting kiosks allow bettors to place wagers conveniently using self-serve kiosk systems at various locations including sports venues, race tracks, casinos and off-track betting parlours among others. Key features of sports betting kiosks include user-friendly touchscreens, cash/cashless payment options, integration with sportsbook platforms and ability to check odds and place both pre-game and live in-play bets. The Global Sports Betting Kiosk Market is estimated to be valued at US$ 2.82 Bn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031.
Key players operating in the Sports Betting Kiosk Market Size 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. Second paragraph is talking about the growing demand in market and third paragraph is talking about global expansion of market.
Market drivers:
The increasing legalization of sports betting across regions is a key market driver. Many countries are lifting gambling bans and introducing regulated sports betting markets to capture the opportunistic demand. Sports betting revenue is rising globally which is encouraging operators and vendors to invest in innovative betting platforms like kiosks.Growing digitization and popularity of cashless payments is boosting the adoption of cashless sports betting kiosks. Technological advancements enabling integrated platforms, virtual options and live streaming are also fueling the demand for kiosks.
Current geopolitical scenario is significantly impacting the growth of sports betting kiosk market. Due to ongoing geopolitical tensions and conflicts worldwide, governments are introducing stringent regulations on gambling activities. Some countries have even banned sports betting altogether to curb illegal activities. This policy uncertainty is discouraging new investments in sports betting kiosk space. Many betting operators are facing operational challenges in entering new international markets. However, favorable changes in policies and lifting of bans in few regions offer opportunities for market expansion. Betting kiosk providers need to closely monitor changes in gambling laws across countries and customize their offerings basis region-specific regulations. They also require developing advanced technologies to ensure complete compliance of their kiosk solutions.
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