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Lottery Pool Agreement

ABOUT THIS DOCUMENT

This Lottery Pool Agreement defines the rights and obligations of participants in a lottery pool. The participants in the lottery pool agree to template provisions, such as the drawings that their agreement will apply to, how tickets will be selected, and which prize options will be selected. The agreement includes optional language and can be customized to fit different situations. This agreement should be used by individuals seeking to form a lottery pool and the terms should be agreed to at the start, before the lottery tickets are purchased, to ensure all the participants agree to the same conditions.

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Text Version

This Lottery Pool Agreement defines the rights and obligations of participants in a lottery

pool. The participants in the lottery pool agree to template provisions, such as the

drawings that their agreement will apply to, how tickets will be selected, and which prize

options will be selected. The agreement includes optional language and can be

customized to fit different situations. This agreement should be used by individuals

seeking to form a lottery pool and the terms should be agreed to at the start, before the

lottery tickets are purchased, to ensure all the participants agree to the same conditions.

______________________ [INSTRUCTIONS: INSERT THE NAME OF THE

ORGANIZATION, FAMILY, BUSINESS OR OTHER GROUP WHO IS CREATING

THIS POOL AGREEMENT, E.G., “ABC, INC. EMPLOYEES” OR “SMITH FAMILY”]

____________________ [INSTRUCTIONS: INSERT THE NAME OF THE LOTTERY OR

LOTTO GAME, E.G., “CALIFORNIA SUPER LOTTO PLUS”] POOL AGREEMENT



The individuals identified herein (referred to hereafter as the “Participants”), and as

evidenced by their signatures below, agree to participate in and join a lottery pool for

___________________________ [Instructions: identify the period of time or specific lottery

drawing that this agreement will apply to, e.g., “the month of October 2012” or “the

October 22, 2012 California Super Lotto Plus drawing”], for the purpose of jointly playing

the ____________________ [Instructions: insert the name of the Lottery or Lotto game, e.g.,

“California Super Lotto Plus”] lottery.



[Instructions: if this agreement will apply to more than one drawing, insert the following

language]



This Agreement shall apply to the following ____________________ [Instructions: insert the

name of the Lottery or Lotto game, e.g., “California Super Lotto Plus”] lottery drawings:



1. ____________________ [Instructions: insert date of first drawing]

2. ____________________ [Instructions: insert date of second drawing]

3. ____________________ [Instructions: insert date of third drawing]

4. ____________________ [Instructions: insert date of fourth drawing]

5. ____________________ [Instructions: insert date of fifth drawing]

6. ____________________ [Instructions: insert date of sixth drawing]

7. [Instructions: insert as many dates as necessary]



[Instructions: Choose ONE of the following two paragraphs depending on how many

drawings this agreement will apply to]

OPTION 1 [Instructions: if the pool will apply to only one drawing, insert the following

language]

Each Participant agrees to contribute and shall be liable to contribute $____. Each Participant to

the pool shall turn over all funds to the Lottery Pool Manager as identified herein for the

purchase of tickets at the same time that they sign this Agreement.



OPTION 2 [Instructions: if the pool will apply to more than one drawing, insert the

following language]

Each Participant agrees to contribute and shall be liable to contribute $____ per game played.

Each Participant to the pool shall turn over all funds to the Lottery Pool Manager as identified

herein for the purchase of tickets at least ___ [Instructions: identify the amount of time prior

to the closing time for purchase of tickets] [hours/days] (hereinafter the “Participant

Participation Deadline”) prior to the closing time for purchase of tickets for each game. In the

event that a person does not do so, [Instructions: choose one of the following] [they shall

nevertheless be liable to pay in their share of the money used, if a ticket or ticket is purchased for





© Copyright 2013 Docstoc Inc. 2

them] [OR] [they shall be ineligible to share in any prizes won as a result of tickets purchased

under this Agreement.]

The Participants agree, as evidenced by their signature below, to designate ______________

[Instructions: identify the name of the person selected to serve as the Lottery Pool

Manager] as the Lottery Pool Manager for the term of this Agreement. The Lottery Pool

Manager shall be responsible for purchasing the tickets necessary to play the lottery as

contemplated under this agreement, for collecting from the Participants the funds to be used to

purchase the lottery tickets as described herein and for collection and distribution of any

winnings the Participants are entitled to under the terms of this Agreement.



[Instructions: Choose ONE of the following two paragraphs depending on how the

Participants agree to choose the numbers to be played]

OPTION 1

The tickets purchased by the Lottery Pool Manager shall use numbers that are randomly

computer generated at the time of purchase.



OPTION 2

The tickets purchased by the Lottery Pool Manager shall use the following designated numbers

specifically as identified below:

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________.

[Instructions: describe in sufficient detail what numbers are to be used, what order they are

to be used in, and any other details necessary to make sure the numbers chosen are

accurate to the wishes of the Participants.]

In the event that any prizes are won, the Lottery Pool Manager, who shall serve without

compensation, shall evenly divide the prize among the participants. PRIOR TO

DISTRIBUTION BY THE LOTTERY POOL MANAGER, ANY AND ALL FUNDS WON AS

PRIZES SHALL BE CONSIDERED TO BE HELD IN TRUST FOR THE POOL BY THE

LOTTERY POOL MANAGER ON BEHALF OF THE PARTICIPANTS.

This agreement shall not automatically renew and shall expire at the end of the term as identified

herein.

[Instructions: Choose ONE of the following two paragraphs depending on how the

Participants agree to receive any prizes won under this Agreement]

OPTION 1

In the event of a prize being won in excess of $ ______, and settlement options are provided, the

vote of the majority of the Participants shall decide which option is to be selected. If there is no

majority, the pool manager shall decide.





© Copyright 2013 Docstoc Inc. 3

OPTION 2

The Participants agree to choose to receive any and all cash prizes won [in an one-time lump sum

payment] [OR] [as an annuity].

Any Participant may withdraw at any time prior to the Participant Payment Deadline by written

notice to the Lottery Pool Manager, and their participation under this Agreement and all

obligations under this Agreement shall thereupon end, but such obligations under this Agreement

shall remain in effect for the past games (if any) played under this Agreement.

This is the entire Agreement of the Participants and there are no agreements express or implied

not stated herein. This Agreement may only be altered in a writing signed by all Participants.

Dated: ______________________________.

Accepted and agreed:





____________________________________________________

________________________[Instructions: insert name]





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