USS Rankin (AKA-103)
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USS Rankin Lottery Pool #4
This page provides details about the USS Rankin Lottery Pool #4, running from 8/2/08 through 10/29/08. Information about the previous pool can be found HERE.
All players in the pool have been sent a list of the numbers we are playing. They will participate in the multistate Powerball drawings shown in the table below. More information about the pool appears below the table.  
You can see the Pennsylvania Lottery site, with recent winning numbers HERE
You can see extensive information about the Powerball game HERE
You can view or download a complete list of Powerball jackpots and winners HERE
You can have the winning numbers emailed to you by signing up HERE
Regards,
Louis "Skip" Sander
LOTTERY RESULTS

#
 Day
 Date
 Jackpot*
Tickets Bought
Cash Value of
1 share**
Winning Numbers
(Powerball in Red)
Our Pool's
Winnings
Cumulative
Winnings
  1
Sat
08/02/08
$87,000,000
57
$495,000
2
5
28
33
54
30
$4.00
$4.00
  2
Wed
08/06/08
$15,000,000
60
$80,000
5
24
36
37
51
4
$3.00
$7.00
  3
Sat
08/09/08
$20,000,000
60
$105,000
32
40
43
49
53
21
$7.00
$14.00
  4
Wed
08/13/08
$25,000,000
63
$130,000
5
10
19
23
31
26
$7.00
$21.00
  5
Sat
08/16/08
$35,000,000
61
$180,000
5
34
40
43
52
20
$3.00
$24.00
  6
Wed
08/20/08
$43,000,000
66
$220,000
15
16
24
35
47
26
$7.00
$31.00
  7
Sat
08/23/08
$52,000,000
62
$265,000
  8
Wed
08/27/08
62
  9
Sat
08/30/08
62
10
Wed
09/03/08
62
11
Sat
09/06/08
62
12
Wed
09/10/08
62
13
Sat
09/13/08
62
14
Wed
09/17/08
62
15
Sat
09/20/08
62
16
Wed
09/24/08
62
17
Sat
09/27/08
62
18
Wed
10/01/08
62
19
Sat
10/04/08
62
20
Wed
10/08/08
62
21
Sat
10/11/08
62
22
Wed
10/15/08
62
23
Sat
10/18/08
62
24
Wed
10/22/08
62
25
Sat
10/25/08
62
26
Wed
10/29/08
62
* Jackpot amounts shown in white are estimated annuity values, paid out over 30 years. Jackpots actually won, if any, are shown in gold. (Sooner or later, somebody does win.) If a Jackpot was taken in cash, the amount is shown to the nearest dollar. Otherwise, it is an estimated annuity value, rounded to the nearest million.
** "Cash Value of 1 Share" amounts are estimated after tax winnings of each pool member if we take our winnings in cash. (Most Jackpot winners do that, and we probably will, too.) For the lowest possible jackpot of $15,000,000 estimated annuity value, each of our players should get about $80,000 cash after 35% federal income taxes. If we had won the $139,421,731 cash jackpot of 3/15/08, each player's after-tax share would have been about $1,615,000.
NOTES AND UPDATES
8/19/08 - Today I got $25 from another player, Mr. L. R., of Louisiana. I bought 4 extra tickets for tomorrow's drawing, and played 41, 44, 47, 52, 53, and Powerball 25 for the remaining 21 drawings through 10/29.
8/16/08 - I have arranged for us to buy tickets in the Megamillions lottery when its jackpot gets very large. We will buy ten tickets at a time, and I will announce the purchases on this web page. It isn't practical to let all the players know our numbers for these purchases, so you'll just have to trust me to handle things in an honest and orderly way. If we win, I'll let you know. You can see the winning numbers at www.megamillions.com.
8/11/08 - Today I mailed lists of numbers and players to all 60 participants in Lottery Pool #4. I mailed a financial report on Lottery Pool #3 to all players in that pool, and a set of our rules and procedures to everybody who has ever played in one of our pools. After it all was mailed, I got another $25 from a new player, Mr. R. C., of South Carolina.  With that money I bought two extra tickets for tomorrow's drawing, and one extra ticket for each of the remaining 23. We all will share in the winnings, if any. The additional numbers for the remaining drawings are 2, 26, 30, 36, 45, and Powerball 16.
8/6/08 - Today I bought the tickets for the remaining drawings. I spent $1,500 on 'em, and I really felt like a high roller. We have 59 players so far, and I bought 60 tickets for each drawing, hoping that somebody else's $25 is in the mail. Within a day or two I'll send all the players a list of the players and the numbers we are playing. They're the same as last time, plus five new sets of numbers.
8/2/08 - I've bought 57 tickets for tonight's drawing. The rest will be bought when the players' checks clear our bank.

BASIC INFORMATION ABOUT THE POOL
Not Part of the Association
This pool is NOT an activity of The USS Rankin Association. It is exclusively conducted by and for those contributing to the pool. Participation is open to anyone, but Pennsylvania law limits lottery participation to people 18 years of age or older.

Skip Sander in Charge
The pool is conducted by Skip Sander, who endeavors to operate it in an honest and open way, and who has an unblemished record of doing so. Players agree to abide by his decisions and to hold him harmless for any action or inaction in connection with the pool. Players agree that any and all disputes between a player and Skip Sander, the pool, or other players, will be settled in full by the refund of their contribution. Players and Skip Sander agree that any dispute between a group of more than ten players and Skip Sander will be settled by arbitration administered by the American Arbitration Association.

Chances of Winning a Prize
Your primary reason for participating in this pool should be the fun that you and others have by participating. The chance of winning a Jackpot is about one in 146 million. In other words, the chance of winning a jackpot is nearly zero. (Nevertheless, SOMEBODY wins, sooner or later, and with 60 tickets, OUR chance of winning jumps up to one in 2.4 million.)  Just imagine, in the unlikely event that we win a Jackpot, there will be a LOT of smiling faces in the picture of all those people holding the giant check!
The chance of winning a prize other than the Jackpot is about 1 in 36. Because we buy tickets covering all possible Powerball numbers, we will win at least one small prize in every drawing. That's no big deal, but it CAN give you a feeling of luck or accomplishment.

Bank Account
Skip Sander maintains account #621937-xxx-x at the Perry Branch of Citizens Bank in Pittsburgh, for the sole purpose of holding contributions to and winnings from the USS Rankin Lottery Pools. These items can be tracked by contributions and withdrawals for this account. Any player can see the records of the account at any time, upon request to Skip Sander.
Collecting Money
$25 contributions to the pool can be made to
USS Rankin Lottery Pool
c/o Skip Sander
153 Mayer Drive
Pittsburgh, PA  15237-1840
Make checks payable to USS Rankin Lottery Pool .
Money will be collected until 5:00 PM on the day of the first drawing in the pool. At that time, Skip Sander will complete an accounting of the names and contact information of all contributors. Contributions received after the deadline will be handled at the sole discretion of Skip Sander.

Picking Numbers
Skip Sander will pick them as he sees fit, possibly including "Quick Picks" by the lottery machine. As much as is practical, the same numbers will be played for every drawing.

Buying and Handling Tickets
Tickets will be bought at the sole discretion of Skip Sander. To minimize complexity, confusion, and chance for error, he will endeavor to buy tickets for all drawings at one time.
When a ticket is bought for the pool, Skip Sander marks the front with the letters "RN," and the back with his signature and a USS Rankin Association rubber stamp. He keeps all tickets, even losing ones, in a safe until one year after their drawing date.
From time to time Skip Sander also buys lottery tickets for himself and other people. Such tickets will NOT have the RN mark and stamp, and will be marked it a way to clearly differentiate them from tickets belonging to the pool.

Extra Tickets
When the jackpot is large, or when there is a drawing for which a specific USS Rankin Lottery Pool does not have tickets, Skip Sander may, at his sole discretion, buy one or more tickets for the pool, using money from past winnings. Purchase of these tickets will be announced on this web site. If one of them wins $10,000 or more, the proceeds will be distributed to every person who has ever participated in one of our lottery pools, in proportion to that person's total contribution to all the pools. That means that anybody who has ever participated shares in the wealth.

Informing the Players
At the start of the pool, Skip Sander will send each player, by postal mail, a list of all the players, including their names and contact information, plus a list of all numbers being played, plus a copy of these rules and procedures.
After that he will endeavor to keep them informed by posting information on this web site, and by sending periodic emails to players who have email addresses.
At the end of the pool, he will send each player, by postal mail, a written accounting of money received, spent, and won during the pool.
What if a ticket wins?
The Powerball lottery offers several ways to win between $3 and $100. If a ticket wins one of these prizes, the ticket will be held until the end of the pool, then cashed in. The winnings, if any, will be deposited into the lottery pool's bank account.

There are also ways of winning $10,000 or $200,000. If a ticket wins one of these prizes, the participants in the winning ticket will be notified promptly, the ticket will be cashed in, and the winnings will be distributed equally among them, with one full share going to The USS Rankin Association.

If one of the tickets from the pool wins a multimillion dollar jackpot, the money will be distributed equally among the participants, with one full share going to The USS Rankin Association.

Skip Sander likes to encourage ticket sellers to wish us luck. He does so by promising them the car of their choice, within reason, if one of the tickets hits the jackpot. He hopes that if we hit a jackpot, we can all pitch in and buy the ticket seller a car. Players will decide individually whether or not to contribute.
If we win a jackpot, Skip Sander will hold the winning ticket until the following steps are completed:
Players are notified by telephone and/or postal mail.
The Executive Board of The USS Rankin Association (hereafter The Association) designates a person to represent its interests and to act on its behalf.
The winners, including The Association, engage a qualified and experienced financial advisor agreeable to them all. The purpose of the financial advisor is to advise the group about taking the winnings in cash or in the annuity offered by the lottery, and to perform other tasks normally associated with financial advisors.  
The winners, including The Association, engage a Certified Public Accountant agreeable to them all. The purpose of the CPA is to determine the amounts to be distributed, to distribute the money, to make necessary tax filings, and to perform other tasks normally associated with CPAs.
In the event that the winners do not agree on one or more of the above three persons within 30 days of receiving notification of their winning status, or in any event within 45 days of the drawing of the winning ticket, Skip Sander will act as The Association's representative and will engage the financial advisor and CPA.
The winning ticket is transported to the appropriate lottery office for action.
When the above steps have been completed, or before that, if in his judgment it is in the best interests of the winners, Skip Sander will release the winning ticket to the appropriate lottery officials.


Click Here for a Powerball Payout Worksheet

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