Hedge funds might very well buy lottery tickets in certain circumstances if it were easy to buy them in large numbers. Sometimes the jackpots go so high that if you were to buy a ticket of every single possible lottery combination, it would cost less than the total prize money given out. However, states that run lotteries deliberately make it very difficult to buy millions of tickets, making this strategy impossible to execute in practice.
Hedge funds might very well buy lottery tickets in certain circumstances if it were easy to buy them in large numbers. Sometimes the jackpots go so high that if you were to buy a ticket of every single possible lottery combination, it would cost less than the total prize money given out. However, states that run lotteries deliberately make it very difficult to buy millions of tickets, making this strategy impossible to execute in practice.