jackpots in 2025 averaged 2.06 billion won ($1.41 million), which falls to 1.4 billion won once taxes are deducted.

That after-tax amount is below the average price of an apartment in Seoul, which was 1.5 billion won in December 2025, according to separate data compiled by KB Land, the property data tracker of KB Kookmin Bank.

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[–] 4 points 9 months ago (25 children)

Buying lottery tickets to get a house... Maybe this man should get a financial advisor.

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  • [–] 39 points 9 months ago (17 children)

    Yes, because it's totally normal for apartments to cost over $1 million/1.5b won.

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  • [+] -19 points 9 months ago* (16 children)

    That is not what I said? Lottery tickets are just throwing money in a fire... Which is counterproductive when saving up for a 1,5 billion home.

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  • [–] 38 points 9 months ago (13 children)

    I think saving up 1,5 billion with a normal job is not... realistic. At that point winning the lottery is the more realistic chance, as crazy as it sounds.

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  • [+] -13 points 9 months ago (12 children)

    Yeah but at least you end up with more money to live somewhere affordable...

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  • [–] 9 points 9 months ago (11 children)

    And where do you plan to live while you amass this money...?

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  • [+] -9 points 9 months ago (10 children)
  • [–] 11 points 9 months ago* (7 children)

    Nothing like the perspective of getting milked forever… building someone else’s capital while tumbling towards old age. I say let them buy some hope…

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  • [–] -2 points 9 months ago (6 children)

    You are just filling another scammer's pockets. At least you get a roof above your head out of one of them.

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  • [–] 9 points 9 months ago (5 children)

    You know one can afford rent AND lottery tickets right?

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  • [–] -3 points 9 months ago* (4 children)

    Just because you can afford it, it doesn't make it a good financial decision to buy a lottery ticket.

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  • [–] 4 points 9 months ago (3 children)

    Not everything in life needs to be a « good » financial decision… when it’s financially inconsequential while bringing pleasure it’s fair enough. Same for a lot of things that brings you pleasure. Unless you indulge in absolutely nothing your stance is quite hypocritical.

    And if you indulge in nothing maybe consider the experience.

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  • [–] -2 points 9 months ago (2 children)

    The issue isn’t pleasure, it’s expectation. Buying a coffee or a movie ticket reliably delivers the thing you’re paying for; a lottery ticket is designed to almost certainly deliver nothing. Calling that “financially inconsequential pleasure” glosses over the fact that the pleasure is mostly manufactured hope, not the product itself.

    Enjoyment isn’t immune from criticism just because it’s cheap, and pointing that out doesn’t require living like a monk. You can acknowledge that people do it for fun while still recognizing it as a statistically bad trade-off compared to most other small indulgences

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  • [–] 2 points 9 months ago (5 children)

    I mean, I buy up to a dozen lottery tickets a year next door in Japan. Paying off the house would be first and, were I not already a homeowner, buying one would certainly top the list. Those lottery tickets amount to something like 3600 JPY a year which is probably like 20 USD or so. It's not a financial plan, but I wouldn't complain if I won. I used to spend more than that at starbucks in a month.

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  • [–] 3 points 9 months ago (4 children)

    Spoiler alert: you won't win.

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  • [–] 1 point 9 months ago (3 children)

    Ah but I have won... just not enough to do more than pay for about a year's worth of tickets. It's not an investment strategy; it's entertainment. If I ever get rich (and I don't expect to), nice bonus.

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  • [–] 1 point 9 months ago (1 child)

    The chance of you playing your entire life and never winning a significant amount is much much much higher than you winning decently once.

    Because those lottery businesses aren't going to give out more money than they make. Your chance of getting more out of it than you put in is none.

    But you do win every time you don't play.

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  • [–] 1 point 9 months ago* (last edited 9 months ago)

    People waste their money on all kinds of dumb shit. Posters, pictures, plastic toys that will just end up in some landfill, etc. This is mine and I almost certainly spend a lot less on it (again, $20-$25 a year in USD depending on the exchange rate). I almost never eat out. I have real investments. This is entertainment.

    Edit: to clarify, dumb here means not necessary. Support art and artists, but don't by plastic stuff that's going to end up in a landfill

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