If a group that pools money to buy Lottery tickets wins a jackpot, does the Lottery split the prize among the members of the group?
Only one individual can claim a lottery ticket. Therefore, a group would have to designate one person to claim the prize. The Lottery can then provide a form to the claimant which lists the persons to whom winning payments were distributed. This form enables the Lottery to properly report winnings to the appropriate taxing authorities.
Related Questions
- When someone in the other Powerball states wins the jackpot, does all the money from Powerball tickets purchased in Louisiana go to the winning state?
- If a group that pools money to buy Lottery tickets wins a jackpot, does the Lottery split the prize among the members of the group?
- What if a group or lottery pool wins a jackpot prize?
