Quoted from minnesota13:
Unfortunately, a payout pin vs a slot gauged in $ per minute, maintenance and $ per sqft occupied would lose big time.
However, there are bingo pins still out and still earning. There is an electronic Bingo as well, I believe produced in Belgium.
Yes, apparently they're very popular there in bars.
Also, there are chinese made bingos and the target markets seem to be central and south america.
I don't think bingo pinball would work in traditional casinos (maybe one ball games) but in a niche "alternative" casino for people who want something different they might have a shot. And they could definitely work in bars.
I've heard from several sources that there are locations in SF that still operate bingos. I don't know if they pay out or not.