> I suspect the reason why many lottery winners end up broke soon is because most rational well adjusted people don't play lottery.

I know why you might think that, the articles talking about lottery spending by poor people and socioeconomic "failures". But they are not capable of the lottery spending necessary to reach jackpots numbers we see multiple times a week. Because all classes of society play the lottery at an even distribution.

The % of their income or net worth is negligible once you get to the middle class and higher. It is negligible and inconsequential and sometimes you win.

Your supposition is flawed, and also many more people are fine winning the lottery and you never hear about them. They buy the condo in South Beach and send their children to Ivy League schools and make up stories about their successful business, the end.