Personally, I prefer higher odds to win, but smaller winnings, than low odds but big winnings. In my opinion the lottery game has too negligible a chance of being involved.
A few years ago I stopped buying lottery tickets, although I used to buy them from time to time. There were times when I won, but it was ridiculous money, which barely paid back the tickets I bought.
If we talk about the terms offered by OP, I would not risk more than $100.