The Finance Blogger


Lottery Group Subscriptions

November 21st, 2011 ernie Posted in Lotteries 1 Comment »

Lottery Group SubscriptionsIn our last post we talked about guidelines for lottery group play and some of the problems that can arise if you do not document things properly and follow some well understood guidelines. Lawsuits and all kinds of nasty things can occur and none of us really want to have to deal with these problems when we have won a lot of money on one of the lotteries as part of a group. It should be time to celebrate and not have to deal with expensive lawyers in court to determine who is part of the group and who is not part of the group. Bottom line, document everything and get people to sign off.

In this post we are going to discuss lottery subscriptions. At least one lottery in Ontario, Canada offers this feature and it seems to work well and that is why I thought I would write this post. We have not won anything big yet, and we have been at this for the past 15 years or so. Talk about perseverance. No one wants to quit in case the following week is the big winner!  Loto649 offers this subscription service along with forms you can use to document who belongs to the group.  This is a good plan to follow if you are an administrator of a group or group play captain as defined by loto649!

Lottery Group Subscriptions – Play

Basically the way it works is that you first have a form signed by all members who are part of the group, giving their names, their phone numbers, their address and their email id’s. This documents who is in the group and provides all of the contact information. For a group like ours this is really important since we have been at this for so long. Most of us have moved, changed jobs etc, but email and phone numbers seem to be constant.

Once you have collected the money you will then fill in a loto subscription form, sign it as the group captain and send it in.  We renew our subscription of 6 months at a time and pay the corresponding amount for two draws per week. We fax the form to the lottery commission, with the visa number for the group captain. He just charges it to his visa card and uses the money collected to repay his visa account.

Subscription Renewal

The lottery commission renews  the subscription and then sends out a confirmation form showing the numbers we have selected and the time frame for the draws. The group captain then scans this form and sends the scanned copy out to all of the participants so they have their own copy. This is a great way to do it since everyone has copies and everything is documented.

Winning Numbers

Every time we win something, a check is sent to the group captain in trust and he then sends an email to all members advising them of the win. If it is a small amount we just hold it for the next renewal, however it is a large amount, we distribute the shares to each member. Unfortunately in all of this time we have yet to do any distributions.

This approach has worked well for us. Sometimes we have trouble collecting the money for the next renewal, not because people do not want to pay, but because they are away traveling or just forget to send checks in and they need to be reminded.

That’s basically how we operate. If you have suggestions for group play on the lotteries or if your lottery does something different, let us know by leaving a comments for us.

An update to this post is being made to indicate that we no longer are using the subscription method because the lottery discontinued the service. Now it takes a great deal more work and the organizer, me, was not  willing to take on the extra effort. So we have disbanded our lottery group after about 15 years with no major wins. Too bad but that is the way life is.

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Lottery Group Play Guidelines

November 7th, 2011 ernie Posted in Lotteries 1 Comment »

Lottery Group Play GuidelinesMost of us have heard about a group of people getting together, picking their favorite lottery numbers and then registering as a group to try to win the big one. The ones we hear a lot about are those that did not document who was a member of the group and did not have a set of guidelines that were understood by the group. Invariably what happens is that there is someone who feels they were unjustly left out of the winnings and that is where the lawsuits start. Some people are just after the money and have no business in trying to take a share of the cash either.

Whenever there is a lot of money involved, that is when the greed comes out and people either try to keep others from getting their fair share or they are trying to get what they think is there share. When you read about these stories you just have to shake your head and wonder how did they let them get themselves into this predicament?

Well it turns out that the lottery corporations publish guidelines for people in a group to follow and guidelines if you happen to be the administrator of the group. We are going to republish them here and perhaps make a comment or two as well based on our own personal experience. These are good lottery group play guidelines to follow and hopefully since they come from one of the big lotto groups, they are based on their experience.

Lottery Group Play Guidelines

Here they are:

Before the Draw

  • Choose one person to act as the group play captain, to coordinate group numbers, collect payments and validate tickets.
  • Create a list of play group members for each draw. Use a lottery group play form available at most lottery retailers or online from your lottery.
  • Clearly state the jackpot amount, draw date, cost per play and cut off time for payment.
  • Agree on and document what will happen if someone is not able to pay before a draw.

After the Draw

  • Sign the winning ticket immediately and write “in Trust” by the signature line to show that this ticket is a group play ticket.
  • Distribute copies or computer scans of the ticket to each group member.
  • Check the ticket after the draw
  • If you have won the lottery, check the signed ticket at an authorized retailer or call your lottery for more information on the next steps.

Discussion about Lottery Group Play Guidelines

This is really about trust of your captain or organizer for your lottery group play and trust of the individuals who are in your group and those who may be in the group or feel that they are, although they do not pay every week.

If you are having issues with payment, and win a big lottery win, there is a possibility of ending up in court. Either the person who did not pay that week is going to sue for his or her share of the lottery win, or those people who did pay are going to object to the non payer participating in this win. Then there are the people who  will say, if someone would have asked me, I would have paid and they want their share. This sort of thing really happens. The best way around this is to make sure everything is well documented.

We are going to write a couple more posts on this subject over the next few months. Your comments are welcome and appreciated, especially if they help our readers avoid having significant issues with their group play.

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