For every $1 spent on state lotteries, only about $0.65 is paid out as prizes [0]. Contrast that with something like roulette, which isnt particularly high EV f

For every $1 spent on state lotteries, only about $0.65 is paid out as prizes [0]. Contrast that with something like roulette, which isnt particularly high EV for a casino game. It pays out about $0.95 for every $1 wagered. [0] https://fivethirtyeight.com/features/what-percentage-of-state-lottery-money-goes-to-the-state/ https://fivethirtyeight.com/features/what-percentage-of-stat...