ChipMonster
3 of a Kind
This is a PCF Powerball Pool for drawing on Monday, Oct 9th, 2023. All numbers on lines will be randomized at ticket counter. Each participating PCF member will be displayed below, as well as their amount purchased. All lines on all tickets, including date and time of purchase, will be shared in pm immediately after the final purchase, which is planned for late afternoon on the 9th.
Pool Captain: @ChipMonster
TO PLAY: Each participant must purchase at least 1 line ($2 worth). I’m not setting a maximum number of participants, but maximum per person is $40 and I am going to cap the pool at $1,000.
Venmo or Paypal accepted (info shared via pm). Please post your interest below, with the amount of lines, and send me a pm.
Winnings Rules:
If total pool winnings are greater than or equal to ten times the total overall investment (note, this would include the pool winning the jackpot), the winnings will be distributed according to each member’s percentage of the overall investment amount, (and thus *NOT* an equal payout regardless of initial investment amount). e.g. if you invest $10 and the total pool investment is $500, you would receive 2% of the winnings. If you invest $20 and the total pool investment is $500, you would receive 4% of the winnings, and so on.
If jackpot isn’t hit and total pool winnings are less than ten times the total pool investment, the winnings will be reinvested into tickets for the next drawing, the same weighted percentage rules applied.
If the jackpot is hit, but not by the pool, and the total winnings are over $100, the winnings will distributed according to each member’s percentage of the overall investment amount. Winnings $99 or less will be payed out to a random pool participant (one day after drawing). Pool captain will not participate in <$99 random drawing.
If the pool hits the jackpot, the cash option is being exercised. Any manditory inital taxes or fees that cannot be distributed down to the individual pool members will be subtracted from the winnings prior to distribution.
Deadline: Please post in thread and send payment by 12:00pm (noon) CT Monday Oct 9th.
Other Minor Details:
• DO NOT send money with comments containing: PCF, Pool, Powerball
• DO send your PCF username in the payment or DM me what your paypal/venmo handle is
• Ticket purchase will be purchased in Illinois.
• Pool participants agree to provide name, etc. if mandatory to receive winnings under state/U.S. rules
• Must be U.S. citizen and U.S. based
• I, as pool captain, retain sole authority to make decisions, handle disputes, etc. in the spirit of and best interests of the of the pool and its members. In the event the pool hits the jackpot, the pool captain will retain an attorney of his choosing to represent the interests of the pool and its participants. The market rate, hourly attorney fees will be subtracted from pool. Participants in the pool agree not to interfere in the redemption or distribution process performed by the pool captain and pool attorney, according to the distribution procedures outlined above.
Pool Captain: @ChipMonster
TO PLAY: Each participant must purchase at least 1 line ($2 worth). I’m not setting a maximum number of participants, but maximum per person is $40 and I am going to cap the pool at $1,000.
Venmo or Paypal accepted (info shared via pm). Please post your interest below, with the amount of lines, and send me a pm.
Winnings Rules:
If total pool winnings are greater than or equal to ten times the total overall investment (note, this would include the pool winning the jackpot), the winnings will be distributed according to each member’s percentage of the overall investment amount, (and thus *NOT* an equal payout regardless of initial investment amount). e.g. if you invest $10 and the total pool investment is $500, you would receive 2% of the winnings. If you invest $20 and the total pool investment is $500, you would receive 4% of the winnings, and so on.
If jackpot isn’t hit and total pool winnings are less than ten times the total pool investment, the winnings will be reinvested into tickets for the next drawing, the same weighted percentage rules applied.
If the jackpot is hit, but not by the pool, and the total winnings are over $100, the winnings will distributed according to each member’s percentage of the overall investment amount. Winnings $99 or less will be payed out to a random pool participant (one day after drawing). Pool captain will not participate in <$99 random drawing.
If the pool hits the jackpot, the cash option is being exercised. Any manditory inital taxes or fees that cannot be distributed down to the individual pool members will be subtracted from the winnings prior to distribution.
Deadline: Please post in thread and send payment by 12:00pm (noon) CT Monday Oct 9th.
Other Minor Details:
• DO NOT send money with comments containing: PCF, Pool, Powerball
• DO send your PCF username in the payment or DM me what your paypal/venmo handle is
• Ticket purchase will be purchased in Illinois.
• Pool participants agree to provide name, etc. if mandatory to receive winnings under state/U.S. rules
• Must be U.S. citizen and U.S. based
• I, as pool captain, retain sole authority to make decisions, handle disputes, etc. in the spirit of and best interests of the of the pool and its members. In the event the pool hits the jackpot, the pool captain will retain an attorney of his choosing to represent the interests of the pool and its participants. The market rate, hourly attorney fees will be subtracted from pool. Participants in the pool agree not to interfere in the redemption or distribution process performed by the pool captain and pool attorney, according to the distribution procedures outlined above.
