This Private Lottery Pool Agreement (“Agreement”) sets out the terms governing user-organized lottery pools (“Private Pools”) created and participated in by users of Lotto Nuts. By joining or contributing to a Private Pool, you agree to this Agreement and to Lotto Nuts’ Terms Of Use.
1. Purpose of a Private Lottery Pool
A Private Pool is a group of Lotto Nuts users who voluntarily combine contributions to participate together in a specific designated lottery draw using tickets arranged through Lotto Nuts’ ticket facilitation services.
A Private Pool does not create a new lottery; it simply consolidates entries for group participation. All tickets are purchased through licensed U.S. retailers and subject to the rules of the official lottery operator.
2. Definitions
- Private Pool: A group of users who jointly contribute funds for the purchase of lottery ticket entries for a single designated draw.
- Pool Entry: A user’s contribution of one or more lottery entries into a Private Pool for the designated draw.
- Pool Member: Any user who has contributed at least one Pool Entry for a designated draw.
- Pool Deadline: The final time and date prior to the official lottery draw by which Pool Entries must be submitted to be included.
- Winning Pool Entry: A Pool Entry that results in a prize for the lottery draw.
Note: Lottery refers exclusively to official Powerball, Mega Millions, and other licensed draws offered through Lotto Nuts.
3. Participation Requirements
- Private Pools relate to a single lottery game and a single designated draw.
- To participate, a user must place Pool Entries through the Lotto Nuts platform before the Pool Deadline.
- If you miss the Pool Deadline, your contributions will not be included in that draw’s pool.
4. Ticket Purchase and Pool Contributions
- Pool Entries are used to arrange the physical purchase of lottery tickets through licensed U.S. retailers.
- Pool Creators may limit the number of participants or entries at their discretion.
- Only tickets purchased through Lotto Nuts and associated with the pool count toward pool outcomes.
5. Prizes & Distribution
- If one or more Winning Pool Entries result in a prize, the total prize amount earned by the group will be shared among Pool Members in proportion to their number of Pool Entries.
- If any remaining fractional cents cannot be divided equally, they will be allocated in the order tickets were purchased.
6. Prize Claims & Power of Attorney
To facilitate prize claims that require documentation (e.g., for winnings above U.S. reporting thresholds), you grant Lotto Nuts a limited power of attorney solely to:
- Prepare and sign forms required by lottery authorities;
- Present winning tickets for validation;
- Collect prize payments from the official lottery authority; and
- Disburse winnings to Pool Members’ accounts in accordance with this Agreement.
This authority is limited to prize collection and expires once all prize-related actions are complete.
7. Taxes and Withholdings
- Tax withholdings required by law will be applied to prizes as necessary.
- Each Pool Member is responsible for any personal tax reporting and obligations in their own jurisdiction.
8. Management of Private Pools
- Lotto Nuts provides technical tools to help manage pool membership and entries.
- Lotto Nuts does not manage the internal governance of pool rules, including the method of sharing prizes beyond the terms set here.
9. Dispute Resolution
Any disputes arising from this Agreement shall be resolved in accordance with the laws referenced in Lotto Nuts’ Terms of Use, currently governed by the laws of the British Virgin Islands.
10. Relationship to Terms Of Use
This Agreement is subject to and governed by Lotto Nuts’ Terms of Use. If there is any conflict between this Agreement and the Terms of Use, the Terms of Use will govern.