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Lottery pool can't be a business in Tennessee

Jun 10, 2014, 7:56 am

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Tennessee LotteryTennessee Lottery: Lottery pool can't be a business in TennesseeRating:

In a formal opinion, the state attorney general has declared that Tennessee law prohibits participation in a lottery pool "managed by a third party" — throwing cold water on a Blount County man's idea for a part-time business, though apparently not on informal pools among friends.

State Rep. Bob Ramsey, R-Maryville, said he requested the opinion from Attorney General Bob Cooper after a "senior citizen" constituent asked if his idea of a part-time retirement business would be legal.

Basically, the idea was to collect money for buying a large block of lottery tickets with the agreement that any winnings would be split among purchasers — with the money collector getting a fee for his services or a share of any winnings, Ramsey said.

When Cooper issued the opinion and posted it on the attorney general's website, the question was posed as: "Is it lawful to conduct a lottery-ticket pool in which Tennessee lottery ticket holders pool their tickets and share in any prizes awarded on winning tickets?"

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32 comments. Last comment 7 years ago by Thegreenpirate.
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United States
Member #141028
April 2, 2013
1481 Posts
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I have a feeling that, these guys don't have anything better to do. Pools are universal. What's up Tennessee?.

Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

    Todd's avatar - Cylon 200.jpg
    50
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    26448 Posts
    Online

    I have a feeling that, these guys don't have anything better to do. Pools are universal. What's up Tennessee?.

    It's like this in many states, but it's just not every day that you get the Attorney General to issue a formal opinion about it.

     

    Check the State Lottery Report Card
    What grade did your lottery earn?

     

    Sign the Petition for True Lottery Drawings
    Help eliminate computerized drawings!

      whiteballz's avatar - Lottery-015.jpg
      Nutley, New Jersey
      United States
      Member #131052
      August 1, 2012
      901 Posts
      Offline

      I have a feeling that, these guys don't have anything better to do. Pools are universal. What's up Tennessee?.

      two words: dragon lady LOL

      .

        Gleno's avatar - Lottery-001.jpg
        New Jersey
        United States
        Member #80352
        September 25, 2009
        723 Posts
        Offline

        This kind of lottery pool sounds Hokey. Why should the money collector get a fee if he is sharing in the proceeds on an equal basis,with the pool members?

        Bash

          bobby623's avatar - abstract
          San Angelo, Texas
          United States
          Member #1097
          January 31, 2003
          1648 Posts
          Offline

          IMHO & FWIW

          The fact that the pool manager/controller/collector/whatever wants to be paid is probably the reason for
          the adverse ruling.
          Only ONE lottery entity can make a profit - the State of Tenn.

            shadowlady's avatar - Trek UFPSYM1.gif

            United States
            Member #154191
            April 7, 2014
            74 Posts
            Offline

            I think the wording of ' he gets his fee OR a share of the winnings' .

            By this, I assume he would charge people for buying tickets, whether they won or not, and most likely it would be  "not".  But that he would share in the pot if they won anything. 

            I don't think I would want to participate in his business.

              rdgrnr's avatar - walt
              100
              The Hall Of The Mountain Kings
              United States
              Member #73902
              April 28, 2009
              14965 Posts
              Offline

              Doesn't hurt to ask.

              As long as you know the answer is gonna be NO.

              And the question doesn't really matter.

              The answer is always NO.

                LottoMetro's avatar - Lottery-024.jpg
                Happyland
                United States
                Member #146338
                September 1, 2013
                1175 Posts
                Offline

                "with the money collector getting a fee for his services or a share of any winnings"

                The laws against this are pretty universal. The reason is that a pool manager collecting a fee for issuing tickets constitutes acting as an agent of the lottery. Even if he/she has a lottery license it is against most regulations to host a lottery pool if he/she receives compensation without participation (and in some places, altogether prohibited, compensated or not...again it's all about acting as an agent of the lottery).

                If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                P&L % = Total Win($)/Total Wager($) - 1

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                  Akron, Ohio
                  United States
                  Member #145641
                  August 10, 2013
                  39 Posts
                  Offline

                  I THINK OHIO IS CHEATING ON THEIR GAME CLASSIC LOTTO THAT HAS NOT BEEN HIT IN ALMOST 4 YEARS!!! CHEATING AZZES!!!!

                    Erzulieredeyes's avatar - spider miss.png
                    Painesville, Ohio
                    United States
                    Member #117713
                    October 12, 2011
                    215 Posts
                    Offline

                    I THINK OHIO IS CHEATING ON THEIR GAME CLASSIC LOTTO THAT HAS NOT BEEN HIT IN ALMOST 4 YEARS!!! CHEATING AZZES!!!!

                    Funny you say that..lol I've said the same thing for months now. I remember they'd always hit by the time it reaches $9 million and now its over $70 million and no one has won. I'm going to give it to the end of next month & if it doesn't hit I'm going to quit playing, if it does hit, I'm still going to quit playing, at least until it reaches over $50 million again. All this dammmn $$ wasted. I only draw $3 out of my usual $10 for this game.  Classic is a rip off.

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                      New York, NY
                      United States
                      Member #120643
                      December 24, 2011
                      67 Posts
                      Offline

                      Funny you say that..lol I've said the same thing for months now. I remember they'd always hit by the time it reaches $9 million and now its over $70 million and no one has won. I'm going to give it to the end of next month & if it doesn't hit I'm going to quit playing, if it does hit, I'm still going to quit playing, at least until it reaches over $50 million again. All this dammmn $$ wasted. I only draw $3 out of my usual $10 for this game.  Classic is a rip off.

                      Is the classic drawn manually from a tumbler machine or electronically?  I hate electronic draws. I feel it can be manipulated by some computer geek.

                        Erzulieredeyes's avatar - spider miss.png
                        Painesville, Ohio
                        United States
                        Member #117713
                        October 12, 2011
                        215 Posts
                        Offline

                        Is the classic drawn manually from a tumbler machine or electronically?  I hate electronic draws. I feel it can be manipulated by some computer geek.

                        Electronic. I wish they'd go back to the LIVE tumbler machines.

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                          LOUISVILLE
                          United States
                          Member #62576
                          July 2, 2008
                          1 Posts
                          Offline

                          YOU RIGTH AT NEED TO BE LIVE ON TV IF WE AND ALL THE PEOPLE,S  GET TO Gather AND Forth TO PUT IT BACK LIVE ON TV IT WILL WORK.

                            LottoMetro's avatar - Lottery-024.jpg
                            Happyland
                            United States
                            Member #146338
                            September 1, 2013
                            1175 Posts
                            Offline

                            Is the classic drawn manually from a tumbler machine or electronically?  I hate electronic draws. I feel it can be manipulated by some computer geek.

                            Ohio Classic is drawn mechanically. Drawings are open to the public.

                            If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                            If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                            P&L % = Total Win($)/Total Wager($) - 1