The gross income of gambling and betting in Canada has seen significant year-on-year variability from 2013 to 2023. As of 2023, the gross income stood at 139 million Canadian Dollars. Over the recent years, the market experienced notable fluctuations, with a considerable dip in 2015 followed by a major spike in 2020. The years following 2020 displayed more moderate growth rates. The average variation per year (CAGR) over the last 5 years stands at 22.2%, reflecting an overall positive trend despite some interim volatility.
Looking ahead, the forecasted CAGR for the next five years is 4.98%, with a projected growth rate of 27.52% by 2028, indicating a stable and moderate increase in the market’s size. It will be crucial to monitor regulatory changes, technological advancements in online betting, and shifts in consumer behavior as they could significantly impact future growth trajectories in the Canadian gambling and betting industry.
