The Gambling and Betting Activities sector in Canada experienced significant fluctuations over the past decade. Notably, the sector saw a dramatic drop in 2020, coinciding with the pandemic, followed by a gradual recovery. Despite a reduction in employee hours in 2023, the sector stood at 57.2 million hours, marking a decline from previous years. Forecasts from 2024 onwards suggest stabilization with minimal growth, indicated by a slight annual average growth rate, predicting 57.28 million hours by 2028.
Future trends to watch for:
- Technological advancements influencing operational efficiency and employment needs.
- Regulatory framework changes potentially impacting sector dynamics and employment.
- Expansion in digital and online betting potentially altering employee hour demands.