Welcome Guest
( Log In | Register )
The time is now 6:30 pm
You last visited January 16, 2017, 4:44 pm
All times shown are
Eastern Time (GMT-5:00)

Mega Million Lottery Pool - Game 26 - Welcome Letter



Welcome to the Mega Million Lottery Pool - Game 26. I have been running this pool for 27 months. (Game Four lasted for 2 months) We started out as seven people and back then every one just paid $10.00. I only did paper copies and I seldom did any newsletters. Newsletters started on the second half of Game Four.

This game contains 38 Members, but my members can purchase more than 1 share, so the shares sold in this game equates to 45. I collected $450.00 to spend in this game. And no, this is not my largest game.
We lost a lot of people from Game 25. I fired two people who can no longer play with us. I won't bring you down and give you all the details (I already did that with Game 25.) But, we have a smaller group and a much better group than Game 25.

How To Play Mega MillionsT
[I've copied this portion from www.txlottery.com]
Mega Millions is the multi-state game that Texans have come to love. Choose 5 numbers plus a Mega Ball number, and remember, when you buy, MegaplyT for a chance to increase your non-grand/jackpot prize winnings!
Mega Millions jackpots start at $12 million!
Second-tier prize amount is $250,000! If you play MegaplierT and a 4 is drawn, you could win $1,000,000!
There are 9 ways to win!
You can always ask your Texas Lottery retailer for a Quick Pick and the terminal will pick all your numbers for you!
Drawings are broadcast each Tuesday and Friday at 10:12 p.m. CST.
Pick 5 Numbers
Select 5 numbers from 1 to 56 in the upper white play area of the play board, or mark the "QP" box and the terminal will randomly select your 5 numbers.
Pick Your Mega Ball
Select 1 Mega Ball number from 1 to 46 in the lower yellow play area of the play board, or mark the "QP" box and the terminal will randomly select your 1 Mega Ball number.
When You Buy, Megaply!
Play the Megaplier feature for an extra $1.00 per playboard and you could increase your non-grand/jackpot prize winnings by 2, 3, or 4 times! Mark the "YES" box under "Megaplier" to select this feature for all play boards on the playslip. The Megaplier number will be chosen from a field of 21 numbers according to the following frequency: 12 number 4's, 7 number 3's and 2 number 2's. Any non-grand/jackpot prize you win on a Mega Millions play will be multiplied by the Megaplier number drawn if you have purchased the Megaplier feature. For example, if you win $250,000 on Mega Millions and the Megaplier number drawn is 4, you would win $1,000,000 ($250,000 x 4) if you purchased the Megaplier feature.
Multi Draw Option
For added convenience, you can play your numbers for up to 10 drawings. Mark the appropriate box under "Multi Draw." This will play your numbers indicated on play boards "A" through "E" for the number of drawings you select. Each play board costs $1 per drawing.

Grand/Jackpot Prize Payment Option
You must select at the time of purchase how you want to be paid if you win the grand/jackpot prize. Mark the "26 Annual Payments" box if you want to receive your prize in 26 annual installments. Mark the "Cash Value Option" box if you want to receive your prize in one single payment.
Note: If you win and you selected the "Cash Value Option," you will receive the net present value of your share of the grand/jackpot amount, determined the next business day after the drawing. This amount will be less than the advertised jackpot. You must select the "Cash Value Option" at the time of your purchase; otherwise, your share of the grand/jackpot prize will automatically be paid in 26 annual installments. Once you receive your ticket, you may not change your grand/jackpot payment option.

Included with this newsletter are rules for playing in this Pool. There are lots of people who run Lottery Pools; I'm not the only person. I can tell you that I talk with a lot of other people who run their pools much different than me, but all pools contain some basic elements.

When you play in a pool, you don't own any numbers, the pool owns the numbers. Any wins the pool splits the money among the members in accordance with what they paid.

Here is an example: You have 10 people all of them paid $10.00, and you go out and buy $100 dollars in Lotto Tickets. The Jack Pot is worth $100 Million, and you win on your fist draw.

The Pool now owns $100 Million, and each member gets $10 Million dollars for the $10 payment. That is every one's dream.

That is how it works, but I didn't tell you that you first have to have purchased the same numbers drawn. That is the hard part. This is a game of chance, so it's not easy getting the numbers that are drawn.

Some pools only play when the Lottery is at $25 Million or higher. Some pools only play for one draw. Most pools give out copies of the ticket the group has purchased and that is it.

I have found most pools are run sloppy and that is the reason they have so much trouble when they win.

I publish a membership list. The only way to play in my pool is to pay me at least $5.00 to purchase ½ share.

When we win, do not expect your money the next day. We will need to form a Trust Fund before signing the ticket, and then go to Austin, Texas to collect our funds. It takes four to six weeks for Austin to process our claim, so please don't spend any money until I tell you the Trust Fund has been funded.

The tickets you see here are NOT your tickets; they belong to the Mega Million Lottery Pool - Game 26.

Once I buy the tickets, I can't refund your money. But, if your one of he people who pay for future games, and you decide you no longer want to play, I will be glad to refund your money.

Now I hope you all enjoy playing, and you like to read newsletters. I hope all of you will continue to play with me. On each newsletter I will tell you how much the Cash Option is worth. (I only purchase Cash Option tickets for my Pools.)

After this first newsletter, you will see when the next game will start and who is in it. This is important, you need to have your money to me on or before the last date you can pay. If I don't get your money on or before that day, all I can do is either put you in the next game or refund your money.

Now the Cash Option is always an estimate, most likely your payout will be larger than I quote.

The games issues shares. Each share cost $10.00, and you can elect to purchase only ½ share. Your pay out will be in accordance to want you paid.
I get my Cash Option information from www.ohiolottery.com

Below is a chart of what could be won tonight, and the figures you see below are before any attorney fees, taxes or tithes.

There are 45 Shares Issued in the Game:

The drawing tonight (Friday, June 16, 2006) is worth $34 Million, The estimated cash value of this jackpot is $19,450,788.
Shares Purchased     Amount that you could win
2.5     $1,080,599.32
2     $864,479.46
1.5     $648,359.60
1     $432,239.73

     Since, I'm off tomorrow I will check our tickets and give you another update tomorrow. Good Luck.

DATE:     6/16/2006
How To Play Mega MillionsT
There are 45 Shares Issued in the Game:

Entry #49


csfbComment by csfb - June 17, 2006, 11:41 am
How about consulting an attorney in your area - he could give you some great advice on running a pool.

Good luck to you.
Michael E. PortComment by Michael E. Port - June 17, 2006, 1:20 pm
Oh I have already done everything that I should be doing. There only exception is that I have continue to "cover" for some people who can't see to pay when the $10.00 is due.   That is changing on Game 27, if you want to play, you need to pay.

I've been doing this for over 2 years, and I have learned alot! We are ready to win!

Thanks for the Luck, I could use it.

You must be a Lottery Post member to post comments to a Blog.

Register for a FREE membership, or if you're already a member please Log In.