How to Create the Perfect Office Lotto Pool
What Is A Lotto Pool?
A lotto pool is where a group of people each contribute an equal amount and then buy tickets together. Whoever wins, the group splits any winnings equally.
Why Should You Create An Office Lotto Pool?
There are many reasons to start a lotto pool at your office. First of all, it’s great for morale. Many people don’t win the lottery on their own, and they might feel left out if everyone else in the group wins big money while they didn’t contribute anything!
Another reason to start a lotto pool is that people will get together for the draw and socialize. Lotto pools are quite popular in office buildings all over the world! Lastly, you’ll create a group of people who are more likely to go above and beyond for your business.
How To Start Your Office Lotto Pool?
STEP ONE – COME UP WITH RULES!
Write down the rules that you want to follow. Are you only playing for fun, or do you want to win some money? What happens if one of your co-workers wins but doesn’t share with others in the pool?
STEP TWO – FIND BUY-IN!
Every member of the pool needs to contribute equally, so make sure that everyone is on board. It doesn’t even have to be money; find something meaningful enough that every co-worker will want in on. You can also use this opportunity as a friendly competition – find out who is the most dedicated fan of your team, for example!
STEP THREE – DECIDE WHAT TO BUY!
The state lottery website will have a list of all available games that you can choose from. You’ll want to pick something simple, so everyone knows how it works. If you think there will be a lot of interest in the pool, try to find a game that has larger prizes.
STEP FOUR – SET A DATE!
Set a date for when you’ll be all purchasing your lottery tickets together. You want enough time to get them before the drawing happens, but not too much time where people might lose interest and forget it altogether.
STEP FIVE – DRAW YOUR WINNING NUMBERS!
On the day of your drawing, you’ll want to set up a place for everyone to meet where you’re all comfortable. The person who purchased the tickets will draw them out one by one and keep track of what numbers are drawn on their sheet.
Once you’ve bought all of the tickets, everyone needs to pick three numbers (or however many there are). You can choose your own or just let someone randomly draw them. Do this for each game that you buy a ticket for. Then place it in one envelope and drop it off at the state lottery office to be drawn.
STEP SIX – POOL YOUR WINNINGS!
Whoever matches the numbers that you chose is going to win. Everybody who contributed will then split those winnings equally, and it’s as simple as that! Don’t forget about all of the fun along the way. Although we suggest against betting for money in an office pool, you can always bet on the big game or choose your prize.
STEP SEVEN – ANNOUNCE THE WINNER!
Once the drawing has happened, everyone can gather together and see who won what prize! If it was for fun only, you might want to give out an award like “most dedicated fan.” Depending on how much money came in from your pool, dividing up the winnings can be challenging. But regardless of the amount, you’ll have a lot more fun than if you didn’t do this altogether.
STEP EIGHT – HAVE FUN!
This is all about having fun, so don’t forget to do that along the way too. Maybe play some games for work and pick up a round of drinks afterward? You’ll start this lotto pool once, but you’re guaranteed to keep coming back for more!
STEP NINE – DO IT AGAIN SOON!
You might as well start planning another one now that you know how much fun it is. Whether the prize is big or small, everyone will be excited to do this repeatedly and put some money behind something they care about. You’ll see a boost in morale across the whole office, and it’s all thanks to you!
How Can I Keep Track Of Tickets?
There are a few ways to keep track of tickets. One is to print out slips that each person can write their name on and put into a central pot, where you will draw the winning ticket at random when it’s time to pay up! Another thing you could do is use an online service, like LottoPool.co.
What If I Don’t Remember To Buy The Ticket?
No problem! You can get it right away or at any time before the drawing. It’s never too late to be part of the fun! But if you need more than 90 days for delivery, your chances of winning decrease dramatically, so try not to procrastinate.
How Do I Pick The Numbers?
That’s totally up to you! You can pick numbers that make sense, like the date of your office pool drawing. Or if it’s a big game, you might want to do something more fun – maybe choose random numbers based on teams competing in the Super Bowl or go with three lucky digits representing your birthdate.
How Many People Should Be Involved?
The more, the merrier, especially if the prize is large enough, so everyone gets a taste of what they want out of it. But even with smaller pools or fewer participants, this will still be fun because all eyes are on one person and their big moment!
Disadvantages Of Running An Office Lottery Pool
There are some disadvantages to running an office lottery pool. One is that you should never ask for money upfront, or else someone might get upset if they don’t win! Also, you’ll want to avoid any messy disputes by having a pretty straightforward contract laid out before the game starts.
One other thing to keep in mind is that many people will be putting their personal information down to purchase the ticket, so you’ll want to have an official policy for this type of thing.
Create a Lottery Pool -Agreement template
To protect everyone, an official agreement can be made and signed by the participants of the lottery pool. Here’s a simple template you might want to use:
I agree to contribute $X for a lottery ticket. I understand all money donated will be kept in this account until the drawing and that if my name is selected as a winner, these funds will be transferred directly into my bank account. There are no other winnings besides first prize, and we cannot share any of our personal information with anyone outside of this lottery pool.
Signature of Participant(s)
Date Signed
Conclusion
There are some great ways to create an office lottery pool, but it’s essential to make sure everything is organized before the game starts. It would be a shame if someone were disqualified from winning because they had their friend buy a ticket for them or tried to cheat in any other way!