Want to boost your chances of winning the lottery without spending more money? Consider playing the lottery with others as part of a lottery syndicate. You’ll get more chances of winning and split the cost of the tickets. Amazingly, some of the world’s biggest lottery jackpots have been won by syndicate players. The many stories of syndicate success will convince you to join a lottery syndicate for an upcoming draw!.
What Is a Lottery Syndicate?
A lottery syndicate, also known as a lottery pool, is a group of players who buy lottery tickets together. Syndicate players split the cost of the purchase and as a result, they can afford to buy more lines. The more lines played, the greater the odds of winning. When one of their tickets win, each syndicate player receives a proportionate part of the winnings.
Syndicates can be made up of friends, family, or even work colleagues. According to the UK National Lottery, two thirds of current syndicates are work based. Playing at theLotter gives you the advantage that the lottery syndicates are already set up for you. You can choose which one you want to play, purchase your shares, and you’ll be participating in the next draw as a part of odds-boosting, cost-saving lottery syndicate.
Listed below are some of the biggest lottery syndicate success stories. This is by no means an exhaustive list because syndicates are winning lottery jackpots all the time. Will you find yourself listed here soon?
New York Co-Workers Share Mega Millions’ $437 Million Jackpot
The eighth largest Mega Millions jackpot in history, and the biggest lottery prize ever in New York, was won on 1 January 2019 when a syndicate of 23 Long Island co-workers took home a prize of $437 million! The co-workers set up the legal entity New Life 2019 LLC so that they could collect their prize anonymously. The winners opted to take a lump-sum payment of $262,213,914 — $176,155,308 after state and federal withholding taxes, or around $7.7 million per person. Representatives of the syndicate said they play the lottery as a group every week. Each member puts a dollar in an envelope that one member takes to purchase the syndicate’s tickets. In this case, that $23 ticket purchase resulted in a huge lottery prize!