The lottery is a popular pastime for many people. Purchasing a ticket is considered a small investment with the possibility of a massive return. This dynamic is central to triggering FOMO, as individuals are motivated by the fear of missing out on a rare opportunity to drastically improve their circumstances.
Making decisions and determining fates by casting lots has a long history, including several instances in the Bible. Lotteries became more common in the 17th century, when the Dutch organized public games for a variety of purposes, including providing funds for poor citizens and building town fortifications. They were popular enough to attract even the founding fathers, who ran lottery-like contests to raise money for various projects.
Unlike most gambling, which is illegal in all 50 states, state lotteries are legal and operate with broad public support. This is especially true when proceeds are earmarked for a specific purpose, such as education. Moreover, studies have shown that state lotteries tend to gain and retain public approval, regardless of the actual fiscal situation of their governments.
The odds of winning are slim, but buying a ticket provides an element of fun. Players often fantasize about what they would do with the money, explains New York City-based clinical psychotherapist Fern Kazlow. She adds that regular lottery players may diminish their losses and concentrate on the times they did win, a habit that helps keep them playing.
