I played one of the Mario Kart arcade games once at some arcade in a mall, which was pretty much entirely imported Japanese arcade games and they all had gimmicks like steering wheels, lightguns, instrument controllers, etc. It was just some game. Like it wasn't bad but it wasn't noteworthy in any way. I would never see myself paying to play it again.
Here in North America I figure an arcade Mario Kart would have been a huge deal in the 90's but today this is pretty much only of note for Japanese gamers.