Yeah, a lot of them are not very fun outside the context of an arcade. As a social experience of playing minigames as you stroll past them, it's its own thing, and fighting games obviously have survived by having way more depth to them that make them worth playing as more than a minigame despite individual matches being so quick.

Arcade machines also used to be much more powerful than home consoles, so flashy graphics used to be a big draw. Not so much now, they're mostly just about the gimmick controllers outside of Japan.