How much do you "Owe," in this Lottery situation?Prev Topic Next Topic

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How much do you "Owe," in this Lottery situation?

You owe them just the $10.

[ 10 ]

[ 55.6% ]

You owe them half the winnings

[ 3 ]

[ 16.7% ]

You owe them all of the winnings

[ 0 ]

[ 0.0% ]

You owe them none of the winnings

[ 4 ]

[ 22.2% ]

Other

[ 1 ]

[ 5.6% ]

Total valid votes

[ 18 ]

Discarded votes

[ 0 ]

Lotto fanatic

United States
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March 29, 2022
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Apr 22, 2024, 6:12 pm

My radio station said there was a poll on how much you should give your Friend if you borrow money from them and win the Lottery using their money. For instance, if you borrow $10 from your Friend and win the 1 Billion plus in a Powerball drawing with the $ you borrowed from your Friend.

Some of the poll said,"You owe them JUST the $10.

Some of the poll said,"You owe them half of the winnings."

Some of the poll said,"You owe them all of the winnings."

Some of the poll said,"You owe them none of the winnings

Which one do YOU personally think is right? 🤔💡
rcbbuckeye

100

Texas
United States
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October 23, 2007
17,814 Posts
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Apr 22, 2024, 6:23 pm

Interesting question. I always play for the cash value, which would probably be around $500 million, give or take. So, I would give him half. In this scenario, I couldn't play without his help, but if I had not bought the ticket there would not be a jackpot win. So, split the jackpot.

Besides, $250 million for each would take care of both of us for life.

CAN'T WIN IF YOU'RE NOT IN

A DOLLAR AND A DREAM (OR $2)
eddessaknight

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Apr 22, 2024, 7:00 pm

"A well composed Book is a magic carpet on which we are wafted to a world that we cannot enter in any other way.'

~cAROLINE GORDAN, litterary critic
Artist77

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January 16, 2012
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Apr 22, 2024, 7:07 pm

If one has to borrow money to play, one should not play.

Legally, you owe this person just the amount of money you borrowed. Unless it is an emergency, I do not loan money. If someone did borrow money and win the lottery, I just do not have that entitlement or expectation that they owe me any of their winnings.
eddessaknight

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Apr 22, 2024, 7:09 pm

AMEN to that, ARTIST
Brock Lee

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Apr 22, 2024, 7:35 pm

depends on whether or not the friend has a bunch of scary face tattoos.
cottoneyedjoe

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March 28, 2019
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Apr 22, 2024, 7:46 pm

"You owe them $10" and "You owe them none of the winnings" aren't mutually exclusive. If you borrow money, you have to pay it back. If you win the lottery, the winnings are yours to spend as you please and you aren't obligated to share them with anyone.

Anyway, what would you do Lotto fanatic? And in the reverse scenario where you lent your friend $10 who happened to win the lottery, would you expect some of the prize?
wander73

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Apr 22, 2024, 8:13 pm

Document everything.

ISO of content generation for anything.

blogs , reselling, and more.
JustMaybe

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Apr 22, 2024, 8:44 pm

I borrowed $10 and owe them $10.

If I told them "Give me $10 and I will buy some lottery tickets, if I win we shall split the winnings" now that's a different proposal.

Having said that, there is a word used that would sway the argument. The word is FRIEND.

Now if this person is a real true friend, then in the spirit of friendship I would remember them. Maybe with 5M.

However remember that people change, you could give them even 50M and they could sue you demanding more.

So it's best to just let it fade and maybe 5 years later tell them that life has treated you well and you want to help them with 1M.

It's a tricky situation and someone's good intentions could open a can of worms and even strain the friendship.

I believe winning the lottery jackpot is a 💯 % factor of luck.

May Fortuna, goddess of chance or lot vindicate me.
Artist77

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January 16, 2012
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Apr 22, 2024, 9:15 pm

Verbal contracts to share a potential lottery win/gambling related are impossible to enforce in most jurisdictions. It is based on indefiniteness, etc. and there really is not an offer and acceptance as in a contract.

Now, if it concerned a married couple, that is different since it would be property acquired during a marriage.

And if you give someone money to purchase lottery tickets on your behalf, that is different as well.

And I agree that you are opening a can of worms by giving a very large chunk of money to your friend. As the post above says, wait it out a while.
Artist77

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Apr 23, 2024, 6:53 am

Actually, wait at least the 6 months to 1 year period for claiming by the state lottery. If you friend has not sued for a share of the winnings, then consider if you want to share any $.
Stat$talker

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September 1, 2019
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Apr 23, 2024, 10:48 am

Quote: Originally posted by Artist77 on Apr 23, 2024
Actually, wait at least the 6 months to 1 year period for claiming by the state lottery. If you friend has not sued for a share of the winnings, then consider if you want to share any $.

"Actually, wait at least the 6 months to 1 year period for claiming by the state lottery."

Why so for a State Lottery, as opposed to ANY Lottery?..!!
Artist77

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Apr 23, 2024, 11:01 am

??? Not referring to the winner waiting to claim the $ but rather waiting until the claim period expired before deciding to share any money with a friend based on the fact scenario proposed in this thread. If the friend was planning to sue, it likely would happen in 6 months to a year.
LottoBux

25

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Apr 23, 2024, 11:02 am

Quote: Originally posted by JustMaybe on Apr 22, 2024
I borrowed $10 and owe them $10.

If I told them "Give me $10 and I will buy some lottery tickets, if I win we shall split the winnings" now that's a different proposal.

Having said that, there is a word used that would sway the argument. The word is FRIEND.

Now if this person is a real true friend, then in the spirit of friendship I would remember them. Maybe with 5M.

However remember that people change, you could give them even 50M and they could sue you demanding more.

So it's best to just let it fade and maybe 5 years later tell them that life has treated you well and you want to help them with 1M.

It's a tricky situation and someone's good intentions could open a can of worms and even strain the friendship.

Agreed, but only you are the only one that knows he actually lent you that $10

You could deny it or just say it never happened if you weren't on good terms lately.

But for a true friend that lent me that money,I would give half for sure.

Not sure if that means that "You owe them half of the winnings"
db101

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December 14, 2019
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Apr 23, 2024, 3:15 pm

Quote: Originally posted by Lotto fanatic on Apr 22, 2024
My radio station said there was a poll on how much you should give your Friend if you borrow money from them and win the Lottery using their money. For instance, if you borrow $10 from your Friend and win the 1 Billion plus in a Powerball drawing with the $ you borrowed from your Friend.

Some of the poll said,"You owe them JUST the $10.

Some of the poll said,"You owe them half of the winnings."

Some of the poll said,"You owe them all of the winnings."

Some of the poll said,"You owe them none of the winnings

Which one do YOU personally think is right? 🤔💡

Oh wow, a Karen Nathan hypothetical. I had completely forgotten about these. I would obviously pay back the $10. If I would split the prize depends on who lent me $10. To be honest this is a tough one because out of superstition I would never borrow money to gamble in the first place. It's bad luck. So is picking numbers off the license plate of a hearse. Gotta get your numbers and gambling funds from clean sources.

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