It seems like every other week, there’s a story in the news about a group of players pooling together for their Lottery play. And after the big win, there is controversy over who the winner(s) are. Just earlier this year, after a post-tax win of $24 Million, Americo Lopes of NJ tried to claim that he bought the winning ticket all by himself. His co-workers sued, claiming the ticket was bought as part of their lottery pool. They won, and Mr. Lopes had to split the prize.
Chicago Illinois Mega Millions Lawsuit
Now, out of Chicago, comes an even more complicated mess. Some coworkers at the Pita Pan Old World Bakery in Chicago (great name by the way) are all claiming they are part of a pool of people that won. Workers at the bakery have filed four different lawsuits. From what we can gather, the workers had been pooling their money together for some time. On May 1, the pool won with a winning ticket worth a modest $9 prize. That money was re-invested for the drawing held on May 4 — and the pool had a winning ticket worth $118 Million. But — and here’s where the controversy stems from — additional money was not collected from two of the players. Those two players, Jose Franco and Marco Medina, claim that they are entitled to a share of the prize, because the $9 won on May 1 was used to purchase the winning ticket. Are you with me so far?
The twelve other members of the pool claim that Franco and Medina did not contribute to the pool for the winning ticket, so they are not entitled to a share of the prize. They also claim that it was their responsibility to contribute and if they didn’t contribute that week, tough luck. Franco and Medina are taking the position that there was a standing agreement, and besides, $9 of the previous winnings were used to purchase tickets.
Confused? Me too. The bottom line is that greed seems to get the best of everyone. I can’t emphasize enough how important it is to properly manage a lottery pool. I urge you to read the article I wrote about this (see link above) and do your research. And if you do win, don’t get greedy…..share your winnings and joy with all the members of your pool.