What is Global Sports Betting Kiosk Market?
The Global Sports Betting Kiosk Market is a rapidly evolving sector that has seen significant growth in recent years. This market revolves around the use of kiosks for sports betting, which are essentially self-service machines where bettors can place their wagers. These kiosks are typically found in casinos, hotels, restaurants, and even on cruise ships. The convenience and efficiency of these machines have made them increasingly popular, leading to a surge in their global demand. The market encompasses various aspects, including the manufacturing, distribution, and use of these kiosks, as well as the technological advancements that continue to enhance their functionality. The market is also influenced by various factors such as legal regulations, consumer behavior, and the overall trend of digitization in the gambling industry.
Franchising, Direct, Other in the Global Sports Betting Kiosk Market:
The Global Sports Betting Kiosk Market operates through different channels, including franchising, direct sales, and others. Franchising involves granting a license to third-party operators to conduct sports betting using the franchisor's brand name and business model. This method allows for rapid expansion and wider reach without the franchisor having to invest heavily in infrastructure or manpower. Direct sales, on the other hand, involve the sale of kiosks directly from the manufacturer to the end-user. This method eliminates the need for intermediaries, thereby reducing costs and improving profit margins. Other channels include online sales, partnerships with casinos and hotels, and leasing. Each of these channels has its own advantages and challenges, and their choice depends on various factors such as market dynamics, consumer preferences, and the strategic objectives of the businesses involved.
Casino, Hotel, Restaurant, Cruise Ship, Other in the Global Sports Betting Kiosk Market:
The usage of sports betting kiosks is widespread across various sectors. In casinos, these kiosks have become an integral part of the gambling floor, providing patrons with a quick and easy way to place their bets. Hotels also use these kiosks as an added amenity for their guests, often placing them in lobbies or other common areas. Restaurants, particularly those with a sports theme, use these kiosks to enhance their customer experience, allowing patrons to engage in sports betting while enjoying their meals. Cruise ships have also started to incorporate these kiosks into their entertainment offerings, providing passengers with an additional activity to enjoy while at sea. Other sectors that use sports betting kiosks include sports arenas, betting shops, and even some retail outlets.
Global Sports Betting Kiosk Market Outlook:
Looking at the market outlook, the Global Sports Betting Kiosk Market was valued at US$ 192.9 million in 2023. It is projected to grow at a steady pace, reaching a value of US$ 261.4 million by 2030. This represents a compound annual growth rate (CAGR) of 4.0% during the forecast period from 2024 to 2030. This growth can be attributed to several factors, including the increasing popularity of sports betting, the convenience offered by betting kiosks, and the ongoing trend of digitization in the gambling industry. Furthermore, technological advancements and innovations are expected to continue driving the market's growth in the coming years.
| Report Metric | Details |
| Report Name | Sports Betting Kiosk Market |
| Accounted market size in 2023 | US$ 192.9 million |
| Forecasted market size in 2030 | US$ 261.4 million |
| CAGR | 4.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| 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 |
