BetterFuture22 t1_iy0oybr wrote on November 27, 2022 at 9:27 PM

Reply to comment by PM_ur_Rump in People who win the lottery make poor financial decisions because people who make good financial decisions don't buy lottery tickets. by DjHalk45

That's why I put it in quotes, clever one.

Let's be real, the vast majority of purchasers are people who don't have a lot of money - if they were better at math, they'd realize they're just throwing that money away.

PM_ur_Rump t1_iy1jsi4 wrote on November 28, 2022 at 1:12 AM

But it's not throwing money away. It's just spending money on something that they want to spend money on. Yes, if you are buying a bunch of tickets regularly, it quickly becomes a form of real gambling with terrible odds, but for most it's just a buck or two that doesn't really hurt them. No different than spending money on anything just because you want it. It's not an investment, it's just a game with a side of charity. "Poor" people are allowed to perform acts of charity too.