NET Explores Gambling Risks for Baby Boomers

News Release Date: 
January 29, 2018

For Immediate Release

NET Explores Gambling Risks for Baby Boomers

LINCOLN, Neb. (Jan. 29, 2018) – With more time and financial resources, experts say Baby Boomers are more at-risk to become caught in the grip of out-of-control gambling. The original NET television special, “Growing Old Gambling” examines the addiction and the consequences for older adults. It airs at 9 p.m. CT, Monday, Feb. 12 on NET.

“You can make the argument that the generation that is most susceptible for develop gambling as a problematic behavior is the baby boomers,” said Don Feeney, research advisor for the National Council on Problem Gambling.

In the Midwest, gamblers have easy access to both state and tribal run casinos, plus lottery, keno and sports betting. Seniors often gamble as a social activity, and when the wagering becomes a problem, recouping financial losses can be difficult, if not impossible.

“I pretty much started dipping into my 401k at age 59 and a half. So, I've had a couple of years where I've been able to drain that account, which probably had close to $500,000. I also drained an annuity and an IRA. So, probably close to $750,000, if not more,” said Elizabeth, a 63-year-old recovering problem gambler from Lincoln, Neb.

“Growing Old Gambling” focuses on the growth of problem gambling for Baby Boomers. The 30-minute special features personal stories from those who’ve suffered emotional and financial consequences, as well as guidance from leading experts in crisis intervention and the treatment of gambling addictions in older adults.

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CONTACT: Kim Rogers, 402-660-5521, krogers@netNebraska.org

NET, Nebraska’s PBS & NPR Stations

NET is Nebraska's statewide public media service dedicated to creating opportunities for Nebraskans to engage with critical issues, compelling stories and quality entertainment. NET serves each of Nebraska’s 93 counties with 52,560 hours of programming each year on four television and two radio channels, plus online and mobile content. In addition to providing free, high-quality educational programming for children, NET provides programming in the arts, award-winning news and current affairs information and emergency alert services. For more information about NET, visit netNebraska.org.