POSTED: Thursday, March 29, 2012 - 9:30pm
UPDATED: Thursday, March 29, 2012 - 9:44pm
The logic seems sound: The more lottery tickets you buy, the better your odds of striking it rich.
So when the Mega Millions jackpot hit a record $540 million Thursday, it was only natural for some Houstonians to pool their resources with friends and colleagues to buy as many tickets as possible. After all, there are plenty of millions to go around. The more the merrier.
Gary Grief, executive director of Texas Lottery Commission, said he encourages pools, provided that, as with all lottery wagering, they are conducted responsibly.
"My advice is to formalize those agreements unless you are dealing with people you completely trust - and trust, potentially, with hundreds of millions," said Grief, who also serves as lead director of Mega Millions.
Read more here at The Houston Chronicle .