What We’ve Lost Playing the Lottery

That's one way of looking at it. Another way would be that, in 11 years, your total would be higher than the lump sum and in 20 years you would've doubled it.

You can drink and party very very hard for a few years (until your lump sum is gone) or you can drink and party not quite as hard for much longer. Play your cards right and you won't even live 30 years.