By joining, you (“a participant”) agree to join a lottery pool for the purpose of jointly playing a multi-state lottery game (such as Powerball or Mega Millions) with the other participants. You confirm that you are at least 18 years old and are not otherwise prohibited by law from buying lottery tickets or claiming a prize. The participants designate Michel Reid as the Lottery Pool Manager, who serves without compensation.
How your share works
This is a proportional, share-based pool. Your share equals the money you put in divided by the total value of the pool when it closes, calculated to four (4) decimal places. For example, if you enter $2.00 and the pool totals $200.00 at close, your share is 1% (0.0100) of the pool, and you would receive 1% of any winnings that are distributed.
Contributing to the pool
- Contributions are whole multiples of the drawing’s ticket price — a minimum of one ticket. The ticket price is set per drawing (Powerball and Mega Millions have long been $2, but this can change).
- You must turn over your funds at least 24 hours before the ticket-purchase cutoff for the drawing. If you miss that deadline but tickets were already bought on your behalf, you remain liable to pay your share.
- Contributions are increase-only. You may add tickets at any time up to the payment deadline, but you may not decrease your contribution, and there are no refunds once you have committed.
How the pool handles money
The pool hub tracks money — it never holds or moves it. You pay the Pool Manager directly (Venmo, Apple Pay, or cash, as today), and the hub records your payment status. When you pay, include the short pool token shown with your entry in the payment note; it is used only to match your payment to your entry.
If the pool wins
- If any prize is won, the Pool Manager divides the prize among the participants by share, first deducting any amount owed by anyone who failed to pay their required share. Division uses four (4) decimal places.
- All funds won as prizes are held in trust for the pool by the Pool Manager. No funds are returned unless the winnings exceed $1.00 for every $1.00 entered into the pool.
- Any remainder left after division is used to celebrate the pool’s winnings.
- If a Jackpot prize is won, the cash option is taken.
Rollover chains and frozen child pools
- Each pool covers a single drawing. When a drawing wins no jackpot and the pool’s winnings do not exceed $1.00 per $1.00 entered, the winnings automatically roll over into a new child pool for the next drawing (A1 → A2 → A3 …), funded by those winnings and locked to the same participants, with everyone’s share carried over.
- Child pools are strictly frozen: no new money and no changes to who is in them. If you want to add funds, you join the next brand-new pool (for example B1) instead — a child pool never accepts new contributions.
- If the winnings ever cannot be divided evenly into whole tickets, the leftover cash carries forward within the chain and is combined with later winnings. When the chain finally closes — because the pool distributes, or a jackpot is won — any leftover goes to the Pool Manager’s celebration fund.
- The chain continues only while funds remain, winnings stay at or below $1.00 per $1.00 entered, and no jackpot is won; otherwise the pool distributes and the chain ends.
Accepting this agreement
- You must accept this agreement before joining, and you must be 18 or older. Your acceptance is recorded with the date, time, and version.
- Accepting when you join a fresh pool covers that pool and its entire rollover chain. If this agreement is later updated to a new version, you accept the new version the next time you join a fresh pool.
Scope of this agreement
- This agreement does not renew automatically. It ends when the drawing is over, or — if a prize is won — after prizes have been distributed.
- You are free to play any lottery outside of this pool. Anything you win or owe from entries that are not part of the pool’s numbers has nothing to do with the pool or its participants.
- This is the entire agreement between the participants. There are no other agreements, express or implied, that are not stated here. It may be changed only in writing agreed to by the participants (a new version of this document).
Document status
Version 2.0, effective July 2, 2026. Approved by the Pool Manager (business owner) on July 2, 2026.