One problem is determining precisely how to break up the winnings. There are tax issues, and a few states have limits on what number of checks they are going to reduce. In that case, winners would find yourself turning to a extra advanced answer, similar to forming a belief.
“Say there are 15 people who win a lot of money. Getting 15 people to agree on anything is difficult,” Kurland mentioned. “And then if they each get their own attorney, you’ve got 15 attorneys who are supposed to agree.”
If you’ve already gone in on tickets or need to regardless of the potential pitfalls, at the least be certain that the pool’s coordinator paperwork the entire affair.
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“The person should give a copy of the tickets and a list of [participants] to everyone who’s in the pool,” Kurland mentioned. This protects the folks within the pool and the organizer.
“That way, if the person who’s in charge also bought a ticket on their own and it ends up winning, there’s a way to prove it wasn’t part of the pool,” Kurland mentioned.
The less complicated factor is to simply purchase tickets by yourself.
The odds of nabbing the Mega Millions jackpot are about 1 in 259 million for a single ticket. Buying a couple of — whether or not via an workplace pool or by yourself — does not improve your possibilities by a lot.
“You’re still talking about huge odds,” Kurland mentioned.