Isn&#x27;t it false to say &quot;the expected value of a lotto ticket is greater than its cost&quot; as opposed to &quot;the expected <i>cumulative</i> value of <i>all</i> lotto tickets is greater than their total cost&quot;?<p>Because, a given ticket can only have the values of jackpot (or share thereof), intermediate prize (or share thereof), or zero (most being zero).