Older adults and gambling can be a complex topic. On one hand, it can provide entertainment, social interaction, a source of excitement, a recreational activity and a way to spend leisure time. On the other hand, there are potential risks associated with gambling, particularly for seniors.
Due to potential factors such as cognitive decline, loneliness, and financial vulnerability, older adults may be more susceptible to developing gambling problems. They may struggle with setting limits, which can lead to financial difficulties and strained relationships.
It’s important to recognize that gambling addiction can affect people of all ages and backgrounds, and seniors are not immune to this issue.
If you find yourself experiencing negative consequences from gambling, such as financial losses or neglecting responsibilities, it may be cause for concern.
Education and awareness programs, including the Michigan Gaming Control Board’s Don’t Regret the Bet responsible gaming messaging campaign, can help you make informed decisions about your gambling activities and provide the necessary support to seek help if needed.
Visit www.DontRegretTheBet.org for tips and information that can help keep gambling from getting out of hand.
Also, tune in to the Double Down Michigan podcast, hosted by Michigan Gaming Control Board Executive Director Henry Williams, where a wide range of topics related to the gaming industry are discussed, including industry trends, regulatory updates, and interviews with industry experts. You can check out the podcast on Buzzsprout or on most streaming apps like Apple Podcasts, Amazon Music, Spotify, and iHeart radio.
Overall, while gambling can provide entertainment and enjoyment, it is crucial to approach it with moderation and to be aware of your own limitations. Acknowledge the potential risks and take measures to ensure a healthy and responsible approach to gambling. Here are some tips on how older adults can gamble responsibly:
Set a budget: Before gambling, determine how much money you are comfortable spending and stick to that budget.
Understand the games: Take the time to understand the rules, odds, and strategies of the games you choose to play.
Set time limits: Set limits on how much time you spend gambling.
Avoid risky bets: Be cautious of high-risk bets with low chances of winning.
Take breaks: Take regular breaks to rest, recharge, and reflect on your gambling activity, which will help you maintain a clear mind and make rational decisions.
Be aware of emotions: Avoid making impulsive decisions or increasing your wages to try to recoup losses.
Seek support: If you’re struggling to gamble responsibly, it’s important to ask for help.
Struggling with a gambling problem can be a difficult and overwhelming experience. For help, call the Problem Gambling Helpline at 800.270.7117 or call the Michigan Gaming Control Board’s Responsible Gaming Section at 888.223.3044.
And remember: Play it smart. Don’t regret the bet.