Tag Archives: wagering kiosk

Sports Betting Kiosks – The easiest way to bet

Contributing writer: Renato Vieira

A great number of businesses depend on ease of access and ease of use, and when it comes to gambling, that’s becoming more and more non-negotiable as the industry’s scenario is already set towards a booming future as more states across the country are legalizing gambling.

Like KI mentioned in a past article: “According to a May 2017 Oxford Economics report, legalized sports betting is projected to generate $8.4 billion in new tax revenues, create more than 200,000 new jobs and add over $22 billion to the nation’s GDP. With a budding new industry on the horizon, businesses are working tirelessly to capitalize on the new opportunities being presented in the world of sports gambling.

These opportunities are being capitalized in the form of Sports Betting Kiosks. They will increase revenues generated from the newly-improved customer experience – a win-win scenario already used in fast-food chains, for example.

Betting Kiosks are computer terminals that offer direct access to sports betting apps, they accept a variety of forms of payment, including cash, credit cards, voucher or money on player’s account cards, and are designed to be user-friendly. If you’ve dealt with a smart phone or a tablet before, you already know how to operate a Kiosk.

If you think of a bet that you can make at a window, you can make it at the Kiosk. This will empower the gambler to evaluate his options at his own pace and reduce waiting time as they will be able to place the bets whenever they please, not having to stand in lines. This is also more appealing for bettors with little to no experience, thus eliminating some intimidating obstacles that would prevent some people from entering the betting market.

You can opt to make live bets as the Kiosks feed you multiple sports events in real time with live odds or place several bets in one session and move on. Imagine you are betting tennis, during the US Open. You can cash out or change your bet during the course of the games.

Being able to see available balance and possible betting outcomes are features that help streamline the betting process and have better control over the session, which also entices new players.

Also, as time goes by and people get more familiarized with the digital method of betting and what a Kiosk has to offer, it will feel more natural to wager.

There are several companies (Kambi, SB Tech, IGT, etc) that distribute these Sports Betting Kiosks and between these several brands you’ll find that the wagering options available are those in your standard betting sites or apps, but also include many other advantages, such as:

  • Users profiles with their balance, live amount wagered and account info
  • Prop bets, over/unders, parlays, etc
  • Search by Player or Team
  • Quick access to preferred sports/events
  • Funding Kiosks with membership accounts
  • Event streaming selection
  • On-screen tutorials to guide bettors
  • Associated mobile apps
  • Etc.

Kambi, the provider for SugarHouse, Rivers and Parx and two OTB parlors, reported that roughly 75% of bets are made using a Kiosk, and specified that on one location, that number is a staggering 88%.

Sports Betting Kiosks are setting themselves to become a smash hit for casino owners. The required maintenance is low and there are no wages, health insurance or paid vacations to be taken into account when budgeting your operations. Seems the logical to opt for a business strategy that will:

  • Improve customer accessibility
  • Increase business volume
  • Reduce waiting time for customers
  • Simplify the betting process
  • Provide more options to cash out the winnings
  • Offer the same amount of wagering options as the traditional method
  • Display sports info updated in real-time
  • Users accounts for a more personal experience
  • Provide privacy
  • Be accessible around the clock
  • Offer a small learning curve
  • Provide continuity with mobile apps

Related Links

https://kioskindustry.org/sports-betting-kiosks-future-sports-betting/

https://kioskindustry.org/gli-33-standards-for-event-wagering-systems-v1-1-technical-standard-release/?highlight=%22sports%20betting%20kiosk%22

https://kioskindustry.org/gaming-kiosk-and-player-loyalty-kiosk-how-kiosks-are-revolutionizing-gaming/?highlight=%22sports%20betting%20kiosk%22

GLI-33 Standards for Event Wagering Systems V1.1 Technical Standard Release

GLI Standards for Betting Kiosks

May 14, 2019 – Gaming Laboratories International, LLC (GLI),  is pleased to announce the release of the final published version of the “GLI-33 Standards for Event Wagering Systems V1.1”, for use by the sports wagering industry, coinciding with the one-year anniversary of the fall of PASPA (Professional and Amateur Sports Protection Act).
GLI-33 V1.1 reflects a revision to the core event wagering standard to provide better clarity between technical requirements which would be evaluated in the lab and operational controls and procedures, which would be evaluated on-site post system install. Additionally, this revision enhances sections pertaining to operational controls and procedures, including periodic security testing to help regulators and operators create more efficient and alternative processes for monitoring sports wagering operations. In general, the changes are largely designed to improve the clarity and consistency of requirements.
A PDF copy of the final published version of GLI-33 V1.1 is linked below for your reference and is also accessible by visiting the GLI website at www.gaminglabs.comand clicking on the ‘GLI Standards’ tab.
Additionally, an Executive Summary of the changes against the prior GLI-33 V1.0 is linked below for reference.
Multiple tribal and state regulators have already adopted and/or accepted certification to GLI-33 standards including Mississippi, West Virginia, Rhode Island, Washington DC, and the Cherokee Tribal Gaming Commission of North Carolina. 
Translated versions of the GLI-33 V1.1 standard will be made available in the near future.  These translated documents will be posted to the GLI public internet site for global consumption.
Each standard in the GLI Standard Series is a culmination of industry best-practices and is continually updated based on industry feedback.  The GLI Standards are true “industry standards” in that they are created using a collaborative approach which involves thousands of gaming industry stakeholders. 
These standards are intended to assist regulators by creating baseline technical guidelines which they can adopt and/or utilize in the manner they see fit.  In addition to assisting regulators, the standards are of tremendous value to suppliers who use the standards as a guide in their design and development process, saving both time and expense.  GLI-33 and the rest of the GLI Standards Series are available for free download on the ‘GLI Standards’ tab found at www.gaminglabs.com.
Kind Regards,
The GLI Team

With sports gambling legal, some are betting on a new kind of fan experience

Sports Betting Kiosk in the Near Futuresports betting kiosk

Many owners and businesses are doubling down on new tech that will incorporate wagers into watching.

Source: www.washingtonpost.com

For years, most American sports leagues have resisted gambling of any sort, scarred by match-fixing and point-shaving scandals that still stain history books. But in recent years, public attitudes have relaxed, and many of the major stakeholders slowly have shifted their stances. In May, the Supreme Court effectively shut down the federal law that outlawed sports betting in most places outside of Nevada, allowing individual states to decide on their own if they want in on the lucrative sports gambling business. It’s an industry that some believe topped $100 billion as an underground market and some analysts think could grow into a $6 billion to $16 billion industry, depending on how many states get onboard.