SACRAMENTO, March 7, 2002 -- Lottery officials announced the estimated SuperLotto Plus jackpot for Saturday night's draw at $40 million. "The jackpot is rolling again and it's at $40 million." said Lottery Director, Joan Wilson. "It's completely random and that's what makes it so exciting. The best part is that it means more money for California's public schools that will receive more than $23 million from this jackpot."
A single jackpot winner of $40 million who chooses the 26 graduated annual payments would receive approximately $1,000,000 the first year and those payments would graduate to $2,040,000 by the 26th year (before federal withholding, there are no state taxes). A single jackpot winner who chose the cash option would receive the estimated cash value which is roughly half the announced jackpot or $20 million (before federal withholding).
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 can purchase tickets until 7:45 p.m. on the night of the draw.
- # # # -