“I just chaulk it up to entertainment expense”
That’s smart. Unfortunately most people I see buying lotto play like they’re expecting to win.
Like all gambling the odds of winning big at lotto are astronomical....and yet people do win. I read somewhere once that most lotto winners spend something like $200 to $300 a week.....wow
spend something like $200 to $300 a week to win that is
Well, you have 0% chance of winning if you don’t play, so I just consider it entertainment.
I spend $20 every two weeks. That’s doable and controllable. I know people who throw away a LOT more than that in entertainment. Have won as much as $100 in a single draw winning.
We have lottery ticket dispensing kiosks here in Texas. It’s sad to see the types of people you mention. They’ll buy a variety of scratch-off tickets and then stand there in front of the kiosk scratching the tickets to see if they won - instant gratification craving. If they don’t, they immediately sink more money into the dispenser - lather, rinse, repeat.
I’m sure they have no savings or investments.