A third of over 65s regularly engage in non-lottery gambling

The report went on to say that, despite this, most of the emphasis on tackling gambling harm centres on young gamblers. It also made some proposals for how to ensure older gamblers are not at risk.

The study, which was undertaken by the Gambling Research Glasgow group on behalf of pension company PensionBee, found that gambling was most prevalent in the 55-64-year age group: those who are nearing retirement age. However, retirement-aged players are likely to gamble more often. 

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Overall, the report said that 2% of all adults aged 55 or over are involved in some form of gambling risk. However, most action concentrates on tackling problem gambling in younger generations, as was seen in recent changes to UK gambling laws. 

As of 9 April, all adults are faced with a £5 stake limit when playing online slots. But, from May, players aged between 18 and 24 will be hit with a lower limit of £2 per game. 

It is unlikely that the government will introduce limits on retirees, but the report’s creators have made several proposals that they say will help protect older players. 

The researchers state that some retirees may be responsible for providing financial support to family members who are experiencing problem gambling, while access to large pension pot funds means older players can face higher risks. 

Chief business officer of PensionBee, Lisa Picardo, said: “Gambling harms are often associated with younger people, but this research brings attention to the issue faced by retirees, particularly as they navigate major financial and lifestyle changes.

The researchers have called for financial services and other industry organisations to collaborate and create a safer environment. 

One proposal is to have a screening question posed to people when they first access their pension pots, asking whether anybody’s gambling has raised cause for concern. 

The group has further proposed that firms should offer links to the National Gambling Helpline and access to educational materials to help protect financial well-being. 

Picardo said: “Screening questions and accessible support pathways are measures that could play a role in raising awareness of gambling-related challenges. By exploring these approaches, the industry may be able to better support individuals in making informed financial decisions and improve their financial wellbeing in later life.”

University of Glasgow’s lecturer and research associate, Dr. Blair Biggar, said: “While we often discuss how major life transitions, such as leaving home or starting work, can influence gambling behaviour, retirement is another key moment of change that has been largely overlooked.

“As individuals adapt to changing financial situations and lifestyle transitions, some may engage in gambling for various reasons, such as maintaining routine amid boredom or coping with the adjustments of retirement. This study underscores the importance of understanding these risks and implementing safeguards to support older adults.”