I also would have to agree with Goody5 as far as the boredom component. Also, many elderly people who were prone to gambling prior to retirement don't tend to stop gambling after retirement. Part of it is also an addiction, elderly, retired, or otherwise. I have known of many elderly, retired people who have blown their entire retirement savings gambling in casinos.
More money, more time? Less effort than, say, skiiing, hiking, etc.
By "biggest" gamblers do you mean that they, as a cohort, spend more total money on gambling than other age groups? I can't imagine that they are the "biggest" gamblers in terms of the size of their bets. Most of them are pulling slot handles, right?
Gambling is an activity that old people can do physically, and it's also something they can enjoy. As long as they don't let it get out of hand, it's OK. Unfortunately, though, many lose control and with it their financial security.
a source of fun and entertainment in their older age and seeking a fortune, perhaps that may have seemed to evade them in all of their past lives.
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