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The lottery is entirely rational if you can afford it as part of your disposable income. I often spend more on beer in one night than I do on the lottery in one month.
Yes the chances of winning the huge prize are vanishingly small, but there are greater chances of winning the smaller prizes.
It's also a form of giving to charity, plenty of Olympic and Paralympic athletes are funded by lottery causes.
Purely anecdata but I'm also about evens on the lottery thanks to a small (<£1000 each) lottery win as part of a work syndicate years ago.
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It's also a form of giving to charity, plenty of Olympic and Paralympic athletes are funded by lottery causes
this is my only argument for playing the lottery*. i worked in a off license growing up and it was amazing how much cash we paid in vs out. although i did pay out £150 once i recall. anything over £500 you have to write to camelot iirc
*I have never actually played
Unless you bought 20 million tickets with the same numbers ...