True on the first point as people who are wise with money know the odds are against to win but would rather ear it on their own.
False on the second point though. pay off debt, nice house, ( what type of investments do you think a lotto winner is savvy enough to make??lol)
cars, college fund but it would never end there....
I know that the people I usually see who get lottery tickets on the regular are poor folks, who want to make it out of the hole, and the elderly---who have the money to spend on lottery tickets.
Now, a person who is not used to having money, and when they win, will go hog wild, like a starving man at a Buffet. Not so much for the elderly people who have lived their lives and know about investments.
I'm sure that there are some lottery winners who had played every now and then, and have investments, and they do it for fun. They probably have sat down with an accountant, and had a spending budget drawn up.
And you might have those rare people who are miserly to a fault.