The predominate reasoning for a long time now has been lotteries are addicting and bad but a small demand is guaranteed. Therefore, in the name of maximizing social benefit, only the government should run them and the profit is used to funds something less partisan (e.g. education, parks, conservation, gambling addiction services)

For these private betting firms, it's open season trying to find whales like mobile gaming, and there's no end to their greed and exploitation.