Hi, Econometrician here.

We routinely and regularly refer to State run lotteries with such phrases as ‘the idiot tax’.

As in, it is a regressive form of taxation, that hurts idiots.

…

I’ve actually gambled once in my entire life, at a horse race.

My strategy?

Walk in with $40 bucks.

Place a $5 dollar bet on the horse with the silliest name.

… I ended up walking out with $60 bucks, after being able to pay for a hot dog / fries / drink.

Stonks. Gambling.