I think it's similar to people who buy Powerball tickets after the jackpot exceeds $600 million or whatever. At the end of the day it's fine, and I even think there's utility in spending a few bucks to get the feel of "maybe!" but no one should expect to win.
The expected value isn't too bad once the payout gets high enough
Unless you’re playing the lottery at least a few hundred million times, the expected value is not helpful
Utility value sucks though, since 99%+ of the winnings wouldn’t really change life much beyond the first 1%. But when buying the ticket, the whole amount spent would be useful