I don't have a pulse on this like I used to, but are there still big new arcade games being developed and made?

If I went to an arcade, could I play new stuff from the past few years, or is it going to be primarily old cabinets that have been maintained?

How many arcades are still out there anyway? Have they been able to survive against the widespread proliferation of consoles, phone gaming, home VR, etc.?

I'm curious as to whether arcade gaming is still alive or if it's a dead or dying art.