The forecast for self-employed individuals in the Gambling and Betting Activities sector in Canada shows a steady decline from 2024 to 2028, starting at 380,000 hours in 2024 and falling to 200,000 hours by 2028. In 2023, the sector presumably was higher than 380,000 hours, indicating a previous downward trend. The year-on-year decreases are approximately 13.2% in 2025, 15.2% in 2026, 14.3% in 2027, and 16.7% in 2028. The overall compound annual growth rate (CAGR) over the five-year forecast period highlights an average annual decrease of around 14.5%.
Future trends to watch include:
- Regulatory changes affecting market conditions.
- Technological advancements in online gambling platforms.
- Shifts in consumer behavior and preferences.
- Economic factors impacting discretionary spending.
