There have been syndicates put together to do this: to buy hundreds of thousands of tickets in lotteries were the expected value is positive.
There are a few problems with this approach, though. One is that there is a real risk of split pots, where multiple winners drive the ex post probabilistic payoffs negative.
The larger issue is operational hurdles: it is tough to buy a million tickets, even if one has the coin. The retailers simply aren't setup to handle that sort of flow, and the state lottery officials have setup measures to prevent this sort of things (mostly as a result of being picked off in the past). To them, it is a business, they expect to make money, and they just change the rules relating to ticket sale mechanics to limit/punish outlets that collaborate with the syndicates.
There are a few problems with this approach, though. One is that there is a real risk of split pots, where multiple winners drive the ex post probabilistic payoffs negative.
The larger issue is operational hurdles: it is tough to buy a million tickets, even if one has the coin. The retailers simply aren't setup to handle that sort of flow, and the state lottery officials have setup measures to prevent this sort of things (mostly as a result of being picked off in the past). To them, it is a business, they expect to make money, and they just change the rules relating to ticket sale mechanics to limit/punish outlets that collaborate with the syndicates.