Finding Balance with Gambling in Your 50s and Beyond

This article is courtesy of the Evergreen Council on Problem Gambling 

Life has a way of shifting—sometimes faster than we expect. Retirement, changing routines, shifts in social circles, health concerns, and even unexpected losses can bring about a mix of emotions. Many of us seek comfort in hobbies and social activities that bring us joy and connection. For some, gambling—whether it’s a night at the casino, a friendly bingo game, or online betting—feels like an enjoyable way to pass the time.

And for most, it is.

But what happens when gambling becomes more than entertainment?

Understanding the Landscape After 50

For some, gambling can become a way to cope with these transitions – a way to escape stress, combat loneliness, or simply fill time. While most older adults who gamble do so responsibly, it's crucial to recognize that the risks of developing a gambling problem can increase with age.

Problem gambling among adults aged 60 and older is a real public health issue, with prevalence rates between 0.01% and 10.6%. * What starts as harmless entertainment can quietly grow into financial strain, stress, or secrecy.

Why Are Adults over 50 More Vulnerable For Financial Risks?

Many adults start planning for retirement years in advance. Others may retire earlier than planned for a variety of reasons. Unlike adults who are still working, many adults over 50 have limited financial recovery time. If you’ve spent decades saving for retirement, a few unexpected losses from gambling could impact long-term security, medical needs, and your overall quality of life.

Here’s why gambling can feel riskier after 50:

Fixed Incomes: Once you retire, your income is set—there are no raises, bonuses, or promotions. Every dollar matters.

Medical & Living Costs: Healthcare expenses rise with age, and unexpected medical needs can add up quickly.

Housing & Stability: Whether renting or maintaining a home, gambling losses can put essential expenses at risk.

Emotional Vulnerability: Major life transitions—such as losing loved ones, feeling isolated, or adjusting to retirement—can make gambling feel like an escape.

Gambling isn’t the problem—when it starts affecting your life, that’s when it’s time to check in.

Recognizing the Signs of Problem Gambling

Problem gambling isn't defined by the amount of money spent or the frequency of gambling, but rather by the impact it has on a person's life.

What is problem gambling?

Problem gambling, also known as gambling disorder, is a progressive addiction that can negatively impact all aspects of a person's life. It's not defined by how much money someone spends or how often they gamble, but rather by the consequences of their gambling behavior.

It's important to be aware of the warning signs, both in yourself and in loved ones.

These can include:

● Spending more time or money on gambling than intended.

● Feeling restless or irritable when trying to cut back or stop.

● "Chasing losses" – gambling more to try to win back money that's been lost.

● Lying to family or friends about gambling activities.

● Borrowing money or selling possessions to finance gambling.

● Neglecting responsibilities (work, family, personal care) because of gambling.

● Experiencing feelings of guilt, shame, or anxiety related to gambling.

● Withdrawing from social engagements and hobbies.

● Becoming preoccupied with gambling, frequently thinking about past gambling experiences, or worrying about the stressors gambling has caused.

Tips for Healthy Gambling (If You Choose to Gamble)

If you want to keep gambling as part of your entertainment options, here are a few ways to keep it fun and financially safe:

Set a Budget: Decide in advance how much time and money you're willing to spend, and stick to it.

See it as Entertainment: Treat gambling as a form of entertainment, like going to a movie or a concert, not as a way to make money.

Take Frequent Breaks: Step away from the gambling environment regularly to clear your head.

Avoid Gambling When Upset: Don't gamble when you're feeling stressed, lonely, or depressed.

Balance Gambling with Other Activities: Make sure gambling is just one part of a balanced lifestyle that includes other hobbies, social connections, and physical activity.

Be Aware: Know the signs of problem gambling, in yourself or in your loved ones

Is Gambling Causing Concerns? Confidential Support Is Here.

Our nonprofit organization, Evergreen Council on Problem Gambling, offers free, 24/7 resources for if you or a loved one is struggling with gambling.

Call or text the 24-hour Helpline: 1-800-547-6133 

Visit: YourLifeYourTime.org

It’s your life. It’s your time. Get the help you need to live the life you want.

* Subramaniam, M., Wang, P. soh, P. Vaingankar, J.A., Chong, S.A.,Browning, C. J., & Thomas, S. A. (2015). Prevalence and determinants of gambling disorder among older adults; a systematic review. Addictive Behaviors, 41, 199-209.