Co-workers join forces to beat the odds
Workplace pools are popping up all over. If you've thrown in your dollar with the hopes of striking it big, there are some things you need to know.Photo: Video by kgun9.com
Reporter: Stephani Ruiz
TUCSON (KGUN9-TV) - It's a question you'll hear at work places all over town today- are you in?
The Mega Millions drawing is tonight with a record breaking jackpot up for grabs.
The odds of winning are about one in 176 million. So why not join forces with your co-workers to increase your odds? Sounds like a good plan, but there are some risks.
Earlier this month, a judge in New Jersey ruled a construction worker cheated his 5 co-workers out of their share of a $39 million jackpot. he had to pay his co-workers back- $2 million each.
Experts say it's important that everyone in the pool is on the same page.
"What should happen is write up yourselves some kind of agreement that says what the understanding is, and have everyone sign it," Attorney Michael Piccarreta said.
Having rules may take some of the fun out of dreaming of yachts and private jets, but it'll be worth it if you do win.
"That's when problems arise. Because people might have different memories of what the deal was. And the person holding the ticket might say, this one I bought with my own money, while the other people might say, no we have an agreement," Piccarreta said.
And if you do win- don't quit your job just yet! The very first thing you should do is call a lawyer you can trust.
"At that point if you're fortunate enough to win a large amount of money, you need sophisticated legal advice, sophisticate tax advice, sophisticated financial advice," Piccarreta said.