A Lottery Pool Contract allows a group of individuals to make a clear, legally binding agreement that explains how the group will cooperate to purchase lottery tickets and split the proceeds if any of the tickets win. Lottery Pool Contracts is important because without a signed, written agreement, whoever is physically in possession of the ticket could run off with the winning ticket. A Lottery Pool Agreement also sets out other important terms to make sure everyone is on the same page. In most states where there is a state run lottery, a Lottery Pool Contract, especially if signed by all involved, will be legal and enforceable.
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