Powerball Jackpot: Tips for buying lottery tickets with a group from Virginia State Lottery officials
Powerball’s $425 million jackpot is the largest in the game’s history and people across the country are dreaming of a big win this Wednesday. The overall odds of winning the jackpot prize is approximately 1 in 175 million.
1. Agree upon the rules. Decide on a buy-in amount and how the winnings would be split (equally or proportional to amount of money played, annual payout vs. cash option, etc.). Oral agreements are okay, but putting it in writing is a safer bet, according to officials.
2. Designate a “pool manager” who is responsible for purchasing the tickets and keeping them safe.
3. Make photocopies of the purchased tickets for each member of the group.
4. Decide if the pool manager would claim the winning ticket or if the entire group wants to claim it. All winners do not need to be present