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Skins provide nearly-zero gameplay value, so for those, the analogy with lottery holds. But Mt:G cards have entertainment value separate from their dollar value, so that's fundamentally different.

MTG cards could be sold only in pre-constructed decks or even like living card games. Nothing mandates them being exploitative loot boxes filled mostly with filler...

Wouldn't it be better if you knew what you were getting?

I only play draft, so no.

It's not, not really. Prices of new set cards are basically set by a box price and the probability to get said card. If the price is too high, people will buy a lot of box, other cards in the same set prices will fall, until the price is right.

I don't think MtG should be banned wholesale, but I agree with your lottery point. That facet should go.