Not only in the U.S. but in the "western world" overall.
Home gaming has become more acessible, specially after the motion controls / multiplayer craze of last generation, and the visual gap between arcade and home consoles has dissapeared. Arcades also became too expensive.
In my country (Brazil) arcades are a thing of the past too. There are still a few small arcade centers in shopping malls, but those are aimed at families, they have very few games and most of them are old ones.
I really miss the days of hanging out in arcade centers.... there used to be a lot of them in my city. Today I can name only one who still survives: https://lordsdiversoes.com.br/tatuape.html It´s curious to see that many people still hang out there on weekday nights and weekends, I think most still goes there for nostalgia.