The number of self-employed people in the gambling and betting activities sector in Canada has seen a general decline from 2013 to 2023, decreasing from 770 persons in 2013 to 280 persons in 2023. Over the past decade, the sector experienced significant fluctuations, notably a substantial decrease of 30.61% in 2020 and a modest recovery in 2022 with a 12.5% increase, followed by another sharp 21.39% decrease in 2023. The compound annual growth rate (CAGR) over the last five years stands at -11.79%, indicating an accelerated decline in recent years.
Forecasts suggest the declining trend will persist, with the number of self-employed individuals projected to fall further to 170 persons by 2028. The forecasted CAGR for the next five years is -8.08%, equating to an overall reduction of 34.38% from 2023 to 2028.
Future trends to watch for include the impact of regulatory changes, advancements in online gambling technology, and shifts in consumer behavior towards digital and remote betting platforms. These factors could further impact self-employment dynamics in this sector.
