Lottery Pool Agreement
A Lottery Pool agreement can be used when a group of people are purchasing lottery tickets together and plan to divide any winnings equally among all the participants.
While many groups do not create a formal agreement, disputes can arise in the event of a large win. These type of conflicts can put significant strain on the relationship between friends and colleagues.
A clearly worded but simple agreement will ensure that if your lottery pool has a large win, there is complete clarity among the pool members.
