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Lottery Pool Agreement Page 1

Lottery Pool Agreement

This Lottery Pool Agreement (the “Agreement”) is made on [MONTH, DAY, YEAR], by [NAME of EACH PLAYER] (the

“Players”) who agrees to join a lottery pool for the purpose of jointly playing the [NAME of GAME] lottery drawings. The

period of the Agreement shall end on the last day of the last month of the year listed above. This Agreement shall not

The lottery pool manager may select another player to act as lottery pool manager to purchase ticket(s) and disbursement of

wager sheets in their absences. A notice will be sent to all players when this occurs. The acting lottery pool manager will abide

by the terms of this Agreement to purchase ticket(s).

Each player shall be liable to contribute [AMOUNT] per game played. Each player to the pool shall turn over all funds for the

purchase of ticket(s) at least twenty-four (24) hours prior to the closing time for purchase of ticket(s) for each game. In the event

that a player does not do so, they shall nevertheless be liable to pay in their share of the money used if a ticket or tickets are

purchased on their behalf. Players eliminated from the lottery pool forfeit any future prize money or claims to any prize the pool

may win in the future. It is the responsibility of each player to track their standing in the group and to inform the pool manager of

When the lottery pool hits the jackpot, the winning ticket(s) will reside in a bank safe-deposit box until the players selected

attorneys/accountants have drawn up a group incorporation or trust agreement and it is endorsed and signed by the entire group.

If no agreement has been reached by the expiration date to claim prize. The winning ticket(s) will be turned into the lottery

commission and all funds will be held in a trust till final arbitrations are concluded. Any taxes, fees or fines shall be paid from

these funds.

During the life of the pool, smaller prize winnings of [AMOUNT] or less will be retained by the pool manager and used to credit

the players’ holdings for future plays. Anything over that will be distributed equally to players. There also will be distributions of

funds if the pool disbands or if someone leaves the pool. If holdings reach [AMOUNT] due to multiple wins, the winnings will be

distributed to the players. A spreadsheet will be used for tracking funds and may be audited by any player at any time.

behalf of the pool. The pool manager shall print a results page and distribute it to all players after each drawing.

In the event that the game is discontinued any funds and credits will be disburse to the players and this Agreement will terminate

and the Agreement will become null and void.

Any player may withdraw from the pool by written notice to the lottery pool manager, at which time their pool membership shall

thereupon end, but shall remain in effect for the past games played as a pool. Funds will be distributed to the players and a new

agreement must be signed.

Neither party shall be liable in damages or have the right to terminate this Agreement for any delay or default in performing

hereunder if such delay or default is cause by conditions beyond its control including but not limited to acts of God, government