Lottery pool agreement template
A short written agreement stops arguments before they start. Fill in the details of your office pool, family group or syndicate and get a clear, printable agreement you can copy or print in seconds.
Your agreement
OFFICE LOTTERY POOL: LOTTERY POOL AGREEMENT Date: ____________ Organizer: ____________ Game: Powerball 1. MEMBERS 1. Alex Smith 2. Sam Jones 3. Jo Brown 2. CONTRIBUTIONS Each member pays $10.00 for every draw for the next 4 weeks. Payment is due before 5 pm on the day of each draw. A member who has not paid by then is not in the pool for that draw. 3. BUYING THE TICKETS Tickets are bought by the organizer, at about $2.00 per play. The pool buys as many plays as the money allows and the same tickets stay in the pool for the whole draw. 4. PROOF OF TICKETS Before the draw, the organizer shares a clear photo of the front and back of every ticket and sends a list of the numbers to all members. Each member keeps a copy of this agreement. 5. PRIZES Any prize is shared in proportion to what each member contributed to that draw (for example, someone who paid 20 of the 40 collected receives half). Small prizes may be used to buy more tickets if all members agree. 6. CLAIMING A LARGE PRIZE The winning ticket is signed and claimed by the organizer, who holds it on behalf of all members and will pay out each share promptly after the prize is received. Members agree to cooperate with any forms the lottery requires. 7. LEAVING OR JOINING A member who leaves before a draw loses nothing already paid for earlier draws. New members may join only before the money for a draw is collected, and only if all current members agree. 8. TAXES Each member is responsible for the taxes on their own share. This agreement is not tax advice. 9. DISPUTES Members will try to settle any disagreement fairly and in good faith. If they cannot, they will follow the rules of the lottery and the law where the ticket was bought. Signed: Alex Smith: ________________________ Date: ____________ Sam Jones: ________________________ Date: ____________ Jo Brown: ________________________ Date: ____________ This is a general template for a friendly group. It is not legal advice. Check the rules of your lottery and your state.
A plain-language template for friendly groups. It is not legal advice, and lottery rules for group wins vary by state and game. For very large prizes or groups with money at stake, speak to a lawyer.
What a good pool agreement covers
- Who is in the pool, and how much each person pays.
- Who buys the tickets, and how the group will see them.
- How a prize, big or small, is shared.
- Who claims a large prize, and how the others are paid.
- What happens when someone leaves or joins.
- Who is responsible for tax on their share.
Real-world tips
Pool disputes are a classic. Famous cases have gone to court when a winning ticket was held by one person and the others said they were in the pool. A signed agreement with a list of members, the payments and photos of the tickets is the best protection for everyone, including the organizer.
For large prizes, the lottery may have rules for group claims, and some states require extra forms or a legal entity. Check the rules for your game.
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Frequently asked questions
Is a lottery pool agreement legally binding?
A signed agreement is good evidence of what everyone agreed and can be enforced like other contracts in many places. Speak to a lawyer for a large prize.
Do office lottery pools need a contract?
They do not have to, but written rules prevent most disputes.
Who should hold the tickets?
One trusted organizer, with photos of every ticket shared with the whole group before the draw.
Can I use this for a syndicate?
Yes. Change the group name and the rules to suit your syndicate.