Etymology
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dissipated (adj.)

c. 1600, "scattered, wasted, frittered away," past-participle adjective from dissipate (v.). By 1744 as "characterized by extravagant, excessive, or dissolute pleasures, intemperate."

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Definitions of dissipated

dissipated (adj.)
unrestrained by convention or morality;
deplorably dissipated and degraded
Synonyms: debauched / degenerate / degraded / dissolute / libertine / profligate / riotous / fast
dissipated (adj.)
preoccupied with the pursuit of pleasure and especially games of chance;
led a dissipated life
Synonyms: betting / card-playing / sporting
From wordnet.princeton.edu