Facts About Seniors and Gambling
In retirement, gambling can be a fun, social activity. Although many seniors find the right balance between gambling and other aspects of life, there are some factors that could increase the risk of developing a problem with gambling.
Factors may include:
- Increased leisure time in retirement, which could potentially lead people to gamble more than they intended.
- A decline in income brought on by the transition to a fixed retirement income, which can increase the impact of gambling losses.
- Major life changes that could lead you to gamble to escape other problems.
The more people know about gambling, the better equipped they are to keep it fun.
Here are a few tips to help:
- Balance gambling with other hobbies.
Whether it’s reading, golfing, or just taking some time away from the tables or slots, every break helps.
- Set a budget.
Keep gambling enjoyable by setting a budget. Keep track of how much you’re spending.
- Set a time limit.
It can be easy to lose track of time when gambling. So plan ahead, take breaks and set a time limit before you start gambling.
- Don’t chase losses.
Every game is random, and the house always has the advantage. It’s important to recognize this and stick to the time and budget limits you’ve set.
- Leave emotions off the table.
Your mood may affect your gambling behavior. Gambling when you’re upset can cause you to make rash decisions – decisions you might not make in a regular state of mind.
We’re Here to Help
Visit a GameSense Info Center at any casino for more tips, resources and suggestions to make gambling safer.