Published on : Sep 26, 2019
Albany, New York, September 26, 2019: After the Supreme Court of the United States lifted the federal ban on sports betting on May 14, 2018, 11 states have legalized sports betting, including New Jersey, New York and Nevada. Besides, seven states have already passed a law to make sports betting legal, while 24 states have pending legislation. Montana became the first state in 2019 to legalize sports betting as the state lottery will potentially oversee a system of wagering through kiosks and mobile applications. Even though launch date is yet to be announced, it is highly likely kiosks will be ready for the NFL season in September.
Casinos are gearing up for the unprecedented influx of new customers who will be flocking to their venues hoping to place their first legal sports bet. Accordingly, several casinos perceive sports betting kiosks as the indispensable automated self-service solution to manage a higher volume of sports wager by keeping the need for additional customer service staff at bay.
These insights are according to the intelligence report, titled, “Sports Betting Kiosk Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027,” which has been of late added to Market Research Hub’s (MRH) overarching repository.
Sport betting kiosk will potentially be catalyst in streamlining the betting services as they will ameliorate the customer experience and propel betting revenues for operators. Predominantly, kiosks have pumped up the volume of sports betting by offering a fully self-service interactive option for placing sports wagers.
Venues such as racetracks; land-base and riverboat casino; state lotteries; taverns and VLT facilities; and tribal casinos are the pioneers in implementing sports betting kiosks into their business.
Buoyed by the upsides in sports betting kiosk landscape, the market is set to expand at a CAGR of ~7% and log value of ~0.4 billion by 2027-end. While Europe will potentially reign supreme, North America will follow the suit with ~7% growth rate through 2027. Further, preeminent companies, including KIOSK Information Systems, Kambi Group PLC, JCM Global, and International Game Technology PLC vie Asia Pacific as an emerging investment hub.
Sports Betting Kiosk Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the sports betting kiosk market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the sports betting kiosk market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on sports betting kiosk.
An insightful and deep-dive assessment of the competitive assessment of the sports betting kiosk market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the sports betting kiosk market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Sports Betting Kiosk Market: Research Methodology
Primary sources and secondary sources propel intelligence report on sports betting kiosk market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on sports betting kiosk market further acknowledges secondary sources-namely-Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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