Are lottery pools worth it? What you need to know…

Local News

Some people are joining lottery pools to try to increase their chances of winning. 

Let’s face it; the odds of winning the jackpot are not in your favor, but if you’re buying the tickets with others and you do win, what happens next?  

The Mega Millions Jackpot was last won on July 24th with a prize of just half a billion dollars. The winners?  11 co-workers who took part in an office pool in California. 

Lori Wescoat, who’s taking charge of the lottery pool at her job says, “I’ve heard about it for years, and it’s just something you’re increasing your odds of winning. So, why not do it?”

She’s also heard about workplace drama after a win. “…I did write something up quickly saying that we would agree to share; and hopefully, that will prevent–if we do win–any legality issues that would come up.”

In downtown Erie, Abby Weech is relying on the goodwill of colleagues. “We probably wouldn’t need [a contract] just from what I know of these guys. I trust them, but granted Mega Millions–that is a lot of pressure to put on any relationship.”

And, with so much at stake, there’s some things you should know before you toss your money in a bucket.

Attorney Adam Williams says, “Don’t let people participate with IOUs saying, ‘I’ll bring in my 20 bucks next week.’ Make sure they’re paid, make sure it’s clear who is participating, and making sure it’s clear how the money’s going to get split–if it’s going to get split equally or if someone bought two shares in the pool.”

Williams says even with an office pool, the odds are still not good.  On top of that, he says gambling could be against workplace policy. “Odds are, you’re not going to win the lottery. So, you don’t want to lose the lottery and lose your job the same day.”

Wescoat is more concerned about the fallout from a windfall. “We like each other now. I want to like each other if this happens for us and celebrate together.”

So, nobody won the jackpot during the last drawing on Friday, but 15 people made a cool one million dollars! Like they say, you have to play to win!

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