The Gross Value Added (GVA) of gambling and betting activities in Canada experienced a fluctuating trend from 2013 onwards. Following a decline from 2013 to 2014, the industry saw consistent growth until 2018. The peak in 2018 was followed by a drop in 2019 and a significant decrease in 2020 attributed to pandemic impacts. From 2021, there was a recovery trend, with year-on-year growth stabilizing. As of 2023, the GVA stood at CAD 2.82 billion. Over the last two years, the industry showed positive growth, and the last five years demonstrated an average annual growth rate of 0.88%.

Future trends to watch for:

Increased integration of online gambling platforms which could lead to higher engagement rates.
Legislative changes that may open up new markets or restrict existing operations.
Technological advancements in VR and AR potentially changing the gambling experience.
Possible economic fluctuations impacting disposable income and thus betting activities.