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What Is a Lottery Club?

Last Updated: Jul 19, 2012 04:26PM EDT
Put simply, a lottery club is a group of at least two individuals who purchase wagers in a lottery game together and if a prize is won, it's divided among the lottery club members. It is up to the lottery club to determine its rules of operation, including distribution of prize monies to members. Before a prize can be claimed in the name of a club, an Employer Identification Number (EIN) must be obtained.

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