It is FAR from worthless. Test optional, but they will still look at your score. Now if it were test blind (which it is in CA), THEN it would be worthless.
This is where I feel that National Merit has become more valuable - it’s an award, but it’s a reflection of superb standardized test scores. Test-blind schools can take into account one’s superb test scores, if they’re presented as National Merit or Commendation awards.