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If you ran a pool...Reply
I run a pool and have 21 people participating. Each of them buys their shares in the pool, so it is not balanced in terms of equity. We have 56 shares , some people owning 1 share, and others owning 10 shares. We have decided to decide on annuity or cash option as a group, with each share getting one vote, unless Powerball allows us to take it on an individual case basis. We love the amount of people in our pool because we all know each other and joke around about how barren the office will b
Aug 8, 2006, 7:39 am - cps10 - Lottery Discussion Forum

Wisconsin wins jackpot pbReply
It was 100 employees in a pool from the Sargento cheese plant. It isn't reported as to how much they each chipped in to the pool, but one of their tickets caught the winner. So that's just under 21 million apiece I think. They report that all members of the pool have already said that none of them intend on quitting their jobs at the cheese plant. The manager there said that even today, no one called in sick or missed work among the group.
Aug 7, 2006, 10:48 pm - Badger - Lottery Discussion Forum

Nine workers whose factory is closing win lotteryReply
With nine members, it was probably easier to have 10 shares to make the math easier or someone dropped out and he bought the extra share to keep the amount spent the same. Before I retired I was in a 20 man pool and when one dropped out, the guy running the pool bought the extra share for his mother so we would still have 20x$5 to spend as always. Everyone in the pool had a chance to buy it before he did.
Jul 14, 2006, 2:07 am - RJOh - Lottery News

Nine workers whose factory is closing win lotteryReply
The winners all decided to take the cash option, worth $3.7 million. Each got an equal share of $370,000 before taxes, except Quinn, who bought two tickets and got $740,000, lottery officials said. I wish them all a lot of luck. I don't know how they ran the pool and what rules they decided on, but it's a little odd that the person who managed the pool is the only player getting double. Don't most people buy an equal share in a company pool?
Jul 14, 2006, 1:40 am - justxploring - Lottery News

Co-worker suing for share of lottery prizeReply
HAPPY GREED DAY... KY ...... The rules for a pool may say that if you don't pay up you're not in it, but even if it's in writing it may be meaningless if someone in the pool says they'll advance the money to somebody. FTM, any written agreement could be invalidated, either in whole or in part, by a court and should probably be considered unreliable unless it has been reviewed by an attorney. This point is very well made, and may I 'piggy-back ' to it...In addition to getting the 'pool ag
Mar 22, 2006, 4:47 pm - libra926 - Lottery News

Share this ticket?Reply
If you're willing to share, why should others buy a quick-pick with the same numbers? They can simply PM you information about where to send their share if you win. Your and their odds of winning might be better if they bought a quick-pick with different numbers and offered to share with others doing the same thing.There was a local store that had a fish bowl pool similar to that but people can't be trusted. The rules were anybody could buy a quick-pick ticket for the next drawing, sign their
Jan 24, 2006, 7:38 pm - RJOh - Lottery Discussion Forum

I got it figured outReply
I've heard the more you play the luckier you get and that's the reason some people like to join lottery pools with people who buy extra tickets on their own outside the pool. They're thinking if a member wins on his own he will share his winnings with other pool members. This way they not only increase their odds of winning with the pool tickets but with the additional tickets bought by its members.That's the reason I don't join lottery pools, I prefer to buy my tickets and not worry about som
Jan 3, 2006, 11:05 pm - RJOh - Lottery Discussion Forum

Breakfast buddies file suit over lottery ticketReply
Being in a pool increases the chances of a dispute, but the existence of the pool isn't integral to the nature of the disputes.Since the topic revolves around a lottery pool, it is primary to the discussion. As long as there is (1) more than one person involved and (2) the issue is large sums of money, there will always be a dispute. If it has not happened, it will happened, it is just a matter of the amount. It is like the old Outer Limits show, where the guy was granted one wish, and he wis
Dec 30, 2005, 2:19 pm - Chewie - Lottery News

SoCal man sues to get share of $315 million lottery jackpotReply
Thanks demonter. Like I said before, I rarely buy outside the pool, but I will start buying them in other stores than the Pool's. But I most likely won't buy them anymore. If you think about it, if we hit a $300 million jackpot, my cut after taxes cash option is around $15 million cash in my Pool. So, is it worth taking an extra estimated $75-$80 million with my own purchase and have someone sue me regardless, or be happy with $15 million, which is more than enough for anyone? Not to mention t
Dec 20, 2005, 9:06 pm - cps10 - Lottery News

SoCal man sues to get share of $315 million lottery jackpotReply
cps10 wrote:<< I haven't kicked anyone out yet. Most people who are 2 or 3 payments behind generally pay up within a reasonable time frame. >> If you don't enforce your own rules why would you expect a court to enforce them for you if there's a dispute? You're the one that's setting the precedent that somebody's lawyer will cite if you happen to win shortly after dropping somebody.As for buying tickets separately from the pool, they should always be bought at a different place in a
Dec 19, 2005, 12:19 pm - KY Floyd - Lottery News