What is Global Sports Betting Kiosk Market?
The Global Sports Betting Kiosk Market is an intriguing sector of the global economy that focuses on the production, distribution, and consumption of sports betting kiosks. These kiosks are essentially self-service machines that allow individuals to place bets on various sports events. They are typically found in casinos, hotels, restaurants, cruise ships, and other locations where gambling is permitted. The market is global in nature, meaning it encompasses the production and distribution of these kiosks in countries all around the world. The market's value is determined by the total amount of money spent on these kiosks, both in terms of their production and their use by consumers.
Franchising, Direct, Other in the Global Sports Betting Kiosk Market:
Franchising, Direct, and Other are three key distribution channels in the Global Sports Betting Kiosk Market. Franchising involves a business model where a company (the franchisor) allows an individual or another company (the franchisee) to operate under its brand name and sell its products or services. In the context of the sports betting kiosk market, this could involve a casino or other gambling establishment franchising the right to operate sports betting kiosks under its brand name. Direct distribution, on the other hand, involves the manufacturers of the kiosks selling them directly to the end-users, such as casinos or hotels. The 'Other' category could include a variety of other distribution channels, such as third-party retailers or online sales. Each of these distribution channels has its own advantages and disadvantages, and the choice between them can depend on a variety of factors, such as the size of the market, the nature of the product, and the preferences of the consumers.
Casino, Hotel, Restaurant, Cruise Ship, Other in the Global Sports Betting Kiosk Market:
The Global Sports Betting Kiosk Market finds its usage in various areas such as Casino, Hotel, Restaurant, Cruise Ship, and Other. In Casinos, these kiosks are used to facilitate the process of sports betting, allowing patrons to place bets on various sports events without the need for a human cashier. This not only increases the efficiency of the betting process but also allows the casino to handle a larger volume of bets. In Hotels and Restaurants, these kiosks can provide an additional source of entertainment for guests, allowing them to place bets on sports events while they enjoy their stay or meal. On Cruise Ships, these kiosks can add to the range of entertainment options available to passengers, providing them with the opportunity to engage in sports betting as part of their cruise experience. The 'Other' category could include a variety of other locations where sports betting is permitted, such as sports bars or dedicated sports betting establishments.
Global Sports Betting Kiosk Market Outlook:
The market outlook for the Global Sports Betting Kiosk Market is quite promising. In 2022, the market was valued at US$ 206.6 million. This figure represents the total amount of money spent on the production and consumption of sports betting kiosks during that year. Looking ahead, the market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2029. This means that the market's value is expected to increase at an average rate of 4.0% per year over this period. By 2029, the market is projected to reach a value of US$ 261.4 million. This growth is expected to be driven by a variety of factors, including the increasing popularity of sports betting, the growing acceptance of gambling as a form of entertainment, and the ongoing technological advancements in the field of self-service kiosks.
| Report Metric | Details |
| Report Name | Sports Betting Kiosk Market |
| Accounted market size in 2023 | US$ 206.6 million |
| Forecasted market size in 2029 | US$ 261.4 million |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| By Region |
|
| By Company | DB Solutions, International Game Technology, KIOSK Information Systems, Olea Kiosks, JCM Global, Kambi Group PLC |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
