The expected rate of return for movie tickets is lower than lotteries. Yes, lotteries are bad investments. But also yes, many many people play lotteries as ent

The expected rate of return for movie tickets is lower than lotteries. Yes, lotteries are bad investments. But also yes, many many people play lotteries as entertainment not retirement plan. The people who are addicted, gamblers, or spend more on (any type of) entertainment or luxury good than they can afford have problem. Some psychological, some educational. But those are the problems, not lotteries. If lotteries went away, those people would still have those problems and just manifest them elsewhere.