The Powerball jackpot is up to $500 million, and growing. With office pools becoming more and more popular, there are a few things you should know to protect yourself. Here's some advice to make sure you get your fair share:
Write everything down. Create a document with who contributed money, and how much.. and have everyone right down their own name or signature. And be sure to clarify if certain people are meant to get a bigger cut...if they invested more. Legal experts say a simple document like that will hold up in court.
Before the drawing…make sure each person in the group has a photocopy of all the tickets the group is sharing. That way, any personal ticket purchases are kept separate from the pool. There have been many lawsuits filed by people involved in office pools, who claimed the eventual winning ticket...was actually one they'd bought on their own.
Use common sense. It's always better to go into a pool with people you know and trust. Then all you have to do is decide what to do if you win.