General Contractor Claims One-third of $88 Million in Van Nuys

09.10.2001
General Contractor Claims One-third of $88 Million in Van Nuys

SACRAMENTO, September 10, 2001 -- Lottery officials announced one of the three winning tickets for last week's $88 million jackpot was claimed in Van Nuys this morning by Moshe Bar, a general contractor. Moshe who plays the lottery weekly won a third of the jackpot but also won 4 plus the MEGA number on a separate ticket winning an additional $1,754. Moshe plans to use his winning portion of the $88 million jackpot or $29.3 million to fund his grandchildren's education and share with his other family members. The general contractor opted for the cash option at a value of $14.9 million before federal tax withholding of 27.5%.

Last Thursday, a group of nine co-workers represented by Fabiola Galvin and Jack Lee came forward to the Santa Fe District Office to claim one-third of last week's MEGA jackpot. The group who won $29.3 also designated the cash value of $14.9 million. After a 27.5% federal tax withholding each winner will receive $1.1 million. On Friday six siblings calling themselves the "Asian Brady Bunch" (Tim, Sam, Tom, Molly, Lauren, and Tiffany Kamtan) claimed their $29.3 ticket worth $14.9 million before federal withholding of $27.5 million.

More than $50 million will go to public education from sales attributed to this jackpot. The estimated cash value of the $88 million would equal roughly half of the jackpot or $44 million or the amount the lottery would invest to payout the jackpot prize over 26 years. The three retailers who sold the winning tickets will receive 1/2 of 1% of the jackpot as a bonus for selling the winning ticket. A single winning ticket would yield $146,500 for the retailer. Retailers were J market, 8252 W 3rd Street in Los Angeles; Impulse Card & Gifts, 1055 Wilshire Blvd., Los Angeles; and Lee's Chevron Service, 390 n Lemon Avenue, Walnut.

On June 23, 2001 the largest jackpot in California Lottery history reached $141 million and was won by a single winning ticket. Alcario Castellano of San Jose, California became the record-breaking highest individual jackpot winner of $141 million on June 23, 2001. On April 17, 1991, the second largest jackpot in California Lottery history reached $118.8 million and was won by 10 winning tickets and 54 winners. On April 8, 1998, the third largest jackpot in California Lottery history reached $104 million and was won by 3 winning tickets and 24 winners.

SuperLotto Plus can be played at more than 18,000 retail business establishments around the state. The SuperLotto Plus draw takes place each Wednesday and Saturday night at 7:58 p.m. Players may purchase tickets until 7:45 p.m. on the night of the draw.

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