Protect yourself in Powerball office pool

Published On: Nov 28 2012 05:36:44 PM CST
HOUSTON -

The Powerball frenzy is on as people across the nation rush out in the final hours before the big drawing. If you're throwing your hat into an office pool, there are a few things you should do to protect your potential winnings.

First, write everything down.

Create a document with who contributed money and how much. Have everyone write down their own name and sign the document.

Be sure to clarify if certain people are meant to get a bigger cut, if they invested more. Legal experts said a simple document like that will hold up in court.

Before the drawing, make sure each person in the group has a photocopy of all the tickets the group is sharing. That way, any personal ticket purchases are kept separate from the pool. There have been lawsuits filed by people who claimed the eventual winning ticket was actually one they bought on their own.