> no other widely accessible path for young people to build a future

This is exactly right. Widespread gambling has a fundamental nihilism baked into it. If you believe hard work and frugality are the best path to success, then gambling doesn't feel like a good use of your income and energy.

But if you feel like your dreams are falling out of reach despite your hard work, if it starts to look like even big investors are really just playing a game (often with loaded dice) rather than acting on fundamentals, if grift seems like a more reliable path to success then hard work and ingenuity, then all of a sudden gambling seems a lot more sensible. Even if the odds aren't in your favor, you can at least get lucky when you gamble. When the game feels rigged its easy to believe that hardwork is destined for failure, whereas even loaded dice have some probability of landing in your favor.