The employment in the gambling and betting sector in Canada experienced significant fluctuations from 2013 to 2023. After a relatively stable period from 2013 to 2015, a notable increase occurred in 2016 and 2018, followed by a slight decline in 2019. The sector experienced a sharp contraction in 2020, coinciding with the COVID-19 pandemic, followed by moderate recovery in 2021 and a strong rebound in 2022. However, 2023 revealed a decline as the sector stabilized post-recovery.
Looking forward, the forecast from 2024 to 2028 suggests a gradual decline, with a forecasted 5-year CAGR of -1.51%. The trend indicates a slow decrease, reflecting potential market saturation or consolidation, and possible shifts towards digital betting platforms reducing labor intensity.
Future trends to watch for include:
- Growth of online and mobile gambling, potentially leading to lower labor requirements.
- Regulatory changes impacting employment levels, such as insights into industry growth or contraction.
- Technological advancements affecting operational efficiencies and altering labor demands.
- Economic factors influencing disposable income and gambling activities, indirectly affecting employment.