The employment in the Gambling and Betting Sector in Canada demonstrated fluctuating trends from 2013 to 2023. Employment peaked in 2019 at 43.53 thousand units before experiencing a significant plunge in 2020 due to external factors likely linked to the global pandemic, reaching 28.01 thousand units. Although there was an impressive recovery in 2022 with a year-on-year increase of 40.13%, the trend reversed in 2023, landing at 35.16 thousand units, representing an 11.67% decrease from the previous year. Over the last five years, the sector has had an average annual decline of 3.8%.
Forecasted data from 2024 through 2028 indicate a persistent decline in employment, reaching 32.57 thousand units by 2028. The five-year CAGR is expected to be -1.22%, with an overall decrease of 5.97% during this period. Future trends will likely be influenced by economic conditions, regulatory changes, and technological advancements, emphasizing the sector's need to adapt to a rapidly evolving market environment.
