Yup. My first console technically was a NES (technically Atari 2600 but I was really young). Been playing console and PC games ever since. I used to love games. Wanted to design them and even got a job as a game tester and GM for WoW (tester made me realize I didn't want to work in the industry). I don't know when it started but outside of a few instances I can't get into games anymore. I think there are a few reasons (though they're sort of overlapping).
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I've already experienced a lot of it. I've saved countless kingdoms, stop hundreds of bad guys from blowing up stuff, repeatedly discovered the mysteries of crystals/labs/villages. There isn't a lot of "new" stuff.
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I don't have consistent chunks of free time and don't want to use all my freetime playing games. I can't always invest in a long story and a lot of games take a while to get started.
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As I get older I value my time more. I'm not necessarily old but looking at life expectancy I've hit the midway point. That just causes me to evaluate my freetime differently. Unfortunately that doesn't mean I am necessarily making the best of use of my time but stops me from spending 8 hours of a Saturday playing the new Spider-Man.
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I find my need to unwind and relax increases with age. After a long stressful day at work I don't necessarily want to engage with complex systems or drawn out stories. I just want to start playing and not have to think. I also don't want to be stressed. I find online competitive games to be stressful.
There are other issues like the market has changed and less games align with what I enjoy. Social aspect of games are mostly gone for me.
I assumed the joke was that as you get older things are just more stiff and you don't recover as fast. Yeah, it can be reduced with more exercise/activity but you're still getting older.
There was an event where this became apparent for me. I played softball for years in my 20s. Stopped for a bit and returned in my 30s. I was actually in better shape when I returned. One day mid-season, I was rounding first base, not even particularly fast, and I felt something tweek. By the end of the day I was stuck on the couch and could barely move. I had to take the next day off.