Originally it was about scalability - signed/encrypted cookies are stateless, and hence (in theory) allow easy horizontal elastic scaling: just share the key with the new nodes. But I suspect that in a lot of cases now it is because it is easier initially to throw a key into an environment variable than standup a database, sort out caching, etc. It’s only later that you start thinking about revocation and idle timeouts and key rotation and all the other stuff that it becomes clear that it's not that simple to do well.