Did you actually read the bill?  It's only 4 pages long, and has no sunset clause built in to assess the efficacy of the program.  It also caps the amount of lotto tickets someone can buy to the maximum value of their PFD that year-- meaning 1) people with more individuals in their household stand a better chance at winning which isn't fair, and 2) self-defeats the amount of funding that the "education endowment" can ever receive in 1 year. If our PFD shrinks to $400, how much of that do you think people will invest?
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"A for effort?"  Not by a long shot.