Did You Know That one in Every Three Lottery Jackpots is Won by a Lottery Syndicate?
So it’s no surprise that we’ve seen a huge demand for lottery syndicates in recent years.
We’ve launched our lottery group games feature, where you can enjoy the convenience of playing the lottery online with all the benefits of syndicate play. In many ways, playing as a syndicate seems like a no-brainer and a great way to win the lottery. You get better odds because you split the cost of tickets, meaning you can enter more draws. So you can really up the excitement levels every week – imagine the anticipation of potentially winning the Powerball, Mega Millions and the Euromillions. Let’s take a look at some of the best winning stories from syndicates around the world.
Join One of Lottery Syndicates: https://www.lottosend.com/lotteries/
What Is A Lottery Syndicate?
Firstly, we better just define what a lottery syndicate actually is. Lottery syndicates is a team of players who pool their money to buy lottery tickets together. Because we all know that the odds of winning the lottery are small, some of us realize that we can maximize our chances by playing as a group, buying more tickets for more draws! Much like other traditional games, like bingo, the social element is particularly important, often coming second to thoughts of winning. Playing the lottery is an excuse to get together and catch up with friends.
Top Lottery Syndicate Winners of All Time:
‘Three Amigos’ Syndicate Record-Breaking Win
If you live in America, you’ll undoubtedly have heard of the famous ‘Three Amigos’ lottery syndicate who won a third of the record-breaking Mega Millions $656 million jackpot, which is still the biggest ever lottery jackpot! Not much is known about this small syndicate who worked in the Maryland education system and bought 60 lottery tickets in March 2012. All in all, each member only forked out $20 each and ended up taking home a third of the $218.6 million prize! Unfortunately for them, two other winning tickets were bought so they had to split the $656 million three ways, otherwise it could have been much more!
‘Oceans 16’ Syndicate Lands $448M Powerball Jackpot
The wittily named ‘Ocean’s 16’ was a syndicate of 16 employees of New Jersey’s Ocean County Department of Vehicle Services who won a share of a $448 million US Powerball jackpot! Like the Mega Millions draw in the previous story, the August 2013 Powerball draw had three winning tickets, so the ‘Ocean’s 16’ took home a third of the prize money: $149 million! The lump-sum payment after taxes came to $86 million. Split 16 ways, this still gave each member $3.8 million after taxes! What made this story all the more amazing was that Ocean County had been badly affected by Hurricane Sandy and the syndicate members could be said to be particularly deserving of the money.
Dublin syndicate Wins €86.7 million on the EuroMillions
Luck of the Irish, hey! In September 2014, a group of Irish lottery players put their money together, bought a load of tickets and won €86.7 million in the EuroMillions lottery! Again, very little is know about the team – the advantage of staying anonymous – save that the winning €6 Quick Pick ticket was sold in Dublin. But unlike the other draws, there were no other winning tickets, so the syndicate walked away with the full Euromillions jackpot prize.
Twelve Bus Drivers Become EuroMillions Millionaires
If you were a bus driver, would you go back to work after winning the lottery. Probably not, we assume! That’s what happened to a group of 12 busdrivers from Corby, UK who won £38 million on the Euromillions in September 2014. When they realised they’d be getting £3.1 million each, they decided going in for a long day of ferrying the public about wasn’t very appealing! They all had big plans for their winnings, but this is one of the few syndicate wins that has an unhappy ending.
UK’s Tesco Syndicate Strike it Rich in UK National Lottery
2014 was a lucky year for British lottery syndicates. In June last year, 15 female Tesco workers changed their financial fortunes when their syndicate won a cool £3.6 million on the UK National Lottery. One of the members, Jackie Beresford, claims to have visited a psychic before the win who told her that she would come into a large sum of money. Each syndicate member took home £245,996 – not a life-changing amount but enough to pay off their mortgages and treat themselves for many years. They didn’t quite have enough to up and quit their jobs, but we get the feeling this team really enjoyed their jobs and spending time with each other.
Become a Lottery Syndicate Success Story
Setting up a syndicate isn’t always easy. You’ve got to stay organised, someone has to be in charge and you need to trust the people you’re playing with. Lottosend simplifies the whole process. We act as the middleman by entering you into a syndicate with other randomly chosen Lottosend players. And you still get all the benefits of playing as a syndicate! Find out more about playing lottery syndicate games at Lottosend. It works the same as playing the individual lotto games, with Lottosend managing the syndicate and pre-purchasing all the participating lines. Winnings are paid automatically into your account.
Join One of Our Online Lottery Syndicates Today!
Learn More – Everything You need to Know about Lottery Syndicates
What is a Syndicate?
A syndicate is a group of people coming together, each putting in the same amount of money for a large amount of lottery tickets. If any of the tickets win, the prize money is divided equally among all the members. This can be set up with a group of colleagues, friends, neighbors, family members etc.
What are the Odds?
Although the actual prize amount per individual will be less than the total grand jackpot prize, the chances of winning a prize are increased substantially since there are more tickets/lines in play.
Have a look at the odds in winning the EuroMillions jackpot (5 + 2 lucky stars):
• For a single ticket (1 player): 1 in 116,531,800
• For a syndicate of 10 members with 10 tickets: 1 in 11,653,180
• For a syndicate of 20 members with 20 tickets: 1 in 5,826,640
And for the second prize (5 + 1 lucky star):
• For a single ticket (1 player): 1 in 6,473,989
• For a syndicate of 10 members with 10 tickets: 1 in 647,399
• For a syndicate of 20 members with 20 tickets: 1 in 323,700
How do I Set it Up?
You need to set some rules in place before getting started so that all members (and winnings) are protected; a good way to do that is by appointing a manager within the syndicate. According to the National Lottery Game Rules, the prize money can only be paid to a single person, so the manager will be most likely be that person. He or she will be in charge of collecting the funds; purchasing, storing and checking the tickets; and collecting and dividing any winnings.
In order to ensure fairness as well as legality, it is essential that a syndicate agreement be drawn up prior to any ticket purchasing. This should include the following details:
• Date of syndicate formation
• Names, contact details and signatures of players
• Appointed manager and outline of his/her obligations
• How much each member will pay in
• Amount of tickets
• Which lottery will be played and frequency of tickets purchased
Have a look at syndicate agreement templates online to make sure you have everything covered so that you don’t end up in a nasty legal battle.