Between 2013 and 2023, the value added by the gambling and betting sector in Canada experienced fluctuations with an overall positive trend. In 2023, the industry stood at 2.88 billion Canadian dollars. Noticeable declines occurred during 2019 to 2020, attributed to external impacts such as economic downturns and potential pandemic restrictions. Post-2020, a recovery trend emerged, demonstrated by consecutive year-on-year growth, including a 4.16% increase from 2022 to 2023. The sector's compound annual growth rate (CAGR) over the last five years rests at a moderate 0.097%.

Future trends to watch for:

Continued recovery and growth, with forecasted values reaching 3.09 billion Canadian dollars by 2028.
An anticipated average annual growth rate of 1.12% over the next five years.
Potential disruptions due to regulatory changes, technological advancements (e.g., online gambling), and shifts in consumer behavior.