Group Pool Agreement
Date & Initial At Top Right. Fill Out Player Information At All * Marks. Print & SAVE to your computer and send an attachment in email to: charlie@elywholesale.com
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Lottery Pool Agreement
This Lottery Pool Agreement (the “Agreement”) is made on *_______ 2022, by *_____________________________ (the “Player”, collectively the “Players”) who agrees to join this group lottery pool for the purpose of jointly playing the MN Lottery’s Powerball with Powerplay lottery drawings.
The period of the Agreement shall end exactly 2 months from the last and latest drawing date that any lottery tickets are purchased for under this agreement.
Players agree to play, as a collective group, the MN Lottery’s Powerball with Powerplay lottery game drawings each Wednesday and Saturday, using “Quick Pick” numbers with the “Powerplay” option for $3 per play.
Lottery Players agree to designate Charlie Thompson & Connie Thompson as their lottery pool managers, who shall serve without compensation for the period stated above. The lottery pool managers will abide by the terms of this Agreement to purchase tickets. The Pool Managers may also be Pool Members.
MEMBERSHIP / CONTRIBUTION REQUIRED: Each player shall be liable to contribute (See Table Below For Monthly Costs) in advance per each month game played. Each player in this group pool shall turn over all funds for the purchase of tickets at least 1 week prior to the end of the previous month. In the event that a player does not do so, they SHALL NOT be eligible to participate in the Lottery Pool for the upcoming month. Players eliminated from the lottery pool for non payment or any other reason forfeit any Future prize money or claims to any prize the group pool may win in the future. ***SEE BELOW***
PLAYER INITIALS: *________ It is the responsibility of each player to track their standing in the group and to inform the pool manager/s of any discrepancies.
TICKETS: All pool money will be used to buy MN Lottery’s Powerball with Powerplay tickets.
Using the table below, an equal number of tickets for each drawing during the month with “Quick Pick” with "Powerplay” option ($3 per play) will be purchased prior to each drawing and an electronic copy of tickets for each drawing available to each player at www.elywholesale.com.
MN Lottery’s Powerball with Powerplay Drawing Dates – 2019
April 3, 6, 10, 13, 17, 20, 24, 27..............Total Costs For April $24.00
May 1, 4, 8, 11, 15, 18, 22, 25, 29...............Total Costs For May $27.00
June 1, 5, 8, 12, 15, 19, 22, 26, 29.............Total Costs For June $27.00
July 3, 6, 10, 13, 17, 20, 24, 27, 31............Total Costs For July $27.00
August 3, 7, 10, 14, 17, 21, 24, 28, 31........Total Costs For August $27.00
September 4, 7, 11, 14, 18, 21, 25, 28......Total Costs For September $24.00
Total Cost For 6 Months...$156.00
ANY/ALL WINNINGS for the 6 months listed above will be retained by the pool manager.
Any/All winnings will be distributed equally to all current players at the conclusion of the 6 months listed.
The lottery pool managers shall hold any and all funds won as prizes in trust on behalf of the pool until payout to members is made.
WITHDRAWAL FROM POOL: Any player may withdraw from the pool by written notice to the lottery pool manager, or effectively withdrawing by not contributing to future Month’s pool funds, at which time their pool membership shall thereupon end, but shall remain in effect for the past games played as a pool. Should a player withdraw from the pool before its end, membership will continue until the end of the month paid. NO MONEY REFUNDED!
***In the event that a player becomes ineligible to participate in the Lottery Pool, they will ONLY be paid at the conclusion of the 6 months, an equal share of the Month/Months winnings (if any) for which they were current in thier payments***
JACKPOT: If and When the lottery pool hits the jackpot, the winning ticket(s) will reside in a bank safe-deposit box until the attorneys/accountants selected by the Pool Managers have drawn up a group incorporation or trust agreement and it is endorsed and signed by the entire group. If no agreement has been reached by the expiration date to claim prize, the winning ticket(s) will be turned into the lottery commission and all funds will be held in a trust till final arbitrations are concluded. Attorney and Accountants Fees plus any taxes, or other fees or fines shall be paid from these funds.
Funds collected and winnings (if any) will be listed weekly and made available to each player at www.elywholesale.com.
TAX IMPLICATIONS: Should collecting a prize distribution cause Income Tax or other Tax consequences for the Pool Managers, Players agree to allow the Pool Manager to use the winnings to first pay such taxes and then distribute the remaining amount to the Players. Or, at the Pool Manager’s discretion, Players agree to form a blind trust or other legally-recognized entity for the purposes of accepting and distributing winnings to the Players. Costs for organizing and operating any such entity shall be paid from the winning prize and the remaining amount distributed to the Players.
MISCELLANEOUS: In the event that the game is discontinued any funds and credits will be disbursed to the players and this Agreement will terminate and the Agreement will become null and void. Neither party shall be liable in damages or have the right to terminate this Agreement for any delay or default in performing hereunder if such delay or default is cause by conditions beyond its control including but not limited to acts of God, government restrictions, wars, insurrections, illness, and/or any other cause beyond the reasonable control of the party whose performance is affected (including mechanical, electronic, or communications failure).
This is the entire Agreement of the parties and there are no agreements express or implied not stated herein.
This Agreement may only be altered in writing signed by all players. This lottery pool is not sponsored by nor associated with ELY WHOLESALE LLC. Ely Wholesale LLC is simply using its website to make available drawing and an electronic copy of tickets for the convenience of group members.
IN WITNESS WHEREOF the Parties have executed this Agreement on the date first written above.
Pool Manager Signature
X
Player Signature
*____________________________________________
Printed Name
*____________________________________________
*Address______________________________
*City_____________ *State_____
*Zip__________