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The Do’s And Don’ts Of Joining A Powerball Pool

01/12/2016 at 11:42 | Posted by Brenda Matthews
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Photo Credit: . Licensed under CC BY-SA via Wikimedia Commons

Not all office lottery pools are created equal – some are created with no thought at all!  You need to protect yourself if you’re a part of a group, and if you’re the instigator/organizer, you certainly do, too!

Forbes.com reports, “The most common disputes? Someone will claim that they personally purchased the winning ticket and that it was not part of the office pool or someone who has played in the past didn’t the week of the win but feels they should have still been included. When there is a dispute, the money can be tied up for months or years while the issues get resolved.”

When it comes to office pools and big lottery amounts, you can easily see why so many sing the ‘Sue Me, Sue You Blues!’

 

Per our local ABC News affiliate, WSOC-TV, here are the four dos and four don’ts on how to run an office pool.

Dos

  • Write a contract. It doesn’t need to be a formal, notarized document, according to ABC News. It can be a simple paper with the terms of the pool and everyone’s signature. Store the document in a safe place.
  • Make sure everyone contributes an equal amount.
  • Photocopy the tickets for all participants.
  • Make a list of people who opted out of the pool.

Don’ts

  • Do not rely on a verbal contract. Words will not hold up in court, ABC News reports.
  • Do not let anyone contribute money on behalf of someone else.
  • Do not trust the tickets to interns.
  • Do not run multiple pools at once.

 

 

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