For the casual, occasional player, "value" is generally of little consequence. Many just buy a ticket and hope for the best. However, for players who wager a lot, "value" is a valid consideration in choosing the games, and how to best wager on them.
For example, a high roller player in Pennsylvania focused on winning $1 million cash with say a $10,000 budget would do better spending that amount on $20 instant tickets along with Quinto ($20 on the same number straight) verses the PA Lottery raffle. Below some comparisons:
PA Lottery raffle: ~50% overall payout, 1 in ~83 overall odds, 1 in 125,000 of winning $1 million
PA $20 instant tickets: 70-75% overall payout, 1 in ~3.25 overall odds, 1 in 960,000 to 1,320,000 (holiday one is the lowest) of winning $1 million
PA Quinto (5-digit): ~50% overall payout, 1 in 100,000 odds of winning $1 million with a $20 wager on the same number straight
While odds of winning $1 million (with a $20 wager) is easier with PA Quinto verses PA raffle (1 in 100,000 verses 1 in 125,000), the overall payout percentage is nearly identical for both. In essence, in PA, one can go for a $million with even better than raffle odds any day of the week by playing Quinto - it's the same identical value as the PA raffle; both 50% overall payout.
Instant tickets, even the worst ones, are a better overall value (~60% - ~80% overall payout) than number games. However, that comes with a huge caveat ... one needs to consider the prize distribution and whether that matches up with one's expectations. Most instant tickets have lots of lower prizes along with a relatively tiny number of top tier prizes with little in between; mostly break-even and somewhat higher nominal prizes. For example, winning $30 on a $20 ticket isn't all that satisfying, and yet often it's those type of prizes one will get.
Number games, while having a lower overall payout percentage, can be a better fit for many players. For example, if one is seeking to win a $million, but would also like a reasonable shot at winning a decent amount lower tier prize, the PA raffle is a good choice. Odds of winning $100 or more is 1 in ~83.
Personally, "value" is an important consideration for large wagers - being selective with what games to play. But if only buying a few tickets or less, is of lesser concern; good to mix it up a bit, since even the worst value game featuring a high top prize could be the big winner.