Do Lottery Pools Work?
The chances of winning the lottery are very small no matter what you do, and there's no guarantee that you'll hit a jackpot. But lottery pools do let you boost your chances without increasing your risk of losing your investment.
For example, Club Lotto currently has 12 active members which allows us to buy 30 tickets for $60 in the Jackpots we participate in. The odds of winning PB or MM are about 300 million to 1. With 30 tickets/chances that cuts our odds down to 10 million to 1. With winnings carried over for more tickets it makes our odds even better. A crazy longshot...yes. But to think you could win multi millions for a $5 investment...wow.
Lottery pools have won big jackpots in the past. For example:
A 49-person office lottery pool at SEPTA, a Pennsylvania transit agency, won a Powerball jackpot for $172.7 million in April of 2012.
A 7-person office lottery pool at New York State's Division of Housing and Community Renewal in Albany split a $319 million Mega Millions jackpot in March of 2011.
An office lottery pool at Quaker Oats that shared a $241 million Powerball jackpot among 20 employees. A few months later, they won a $10,000+ prize as well.
After 20 years of trying, the Mountaineer 26 lottery pool scored a million-dollar jackpot.
In July of 2018, 11 coworkers decided at the last minute to form a pool to buy Mega Millions tickets. They won $543 million.
In August of 2018, a group of 11 officemates hit a $4.9 million prize. They'd been chipping in $3 a week for four years!
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