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There was a great "This American Life" a few months ago about a guy whose job used to be purchasing annuities from lottery winners (back in the days before lump sums were an option) and he said that almost without exception lottery winners were the dumbest people he ever came into contact with and the vast majority were financially ruined by winning.
This jibes with the common sense that says people that spend more than a trivial amount of money (who doesn't buy a couple every once in a while?) on something that is almost guaranteed to pay back nothing aren't America's best and brightest. Lotteries are a tax on being bad at math.
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