SACRAMENTO – California Lottery officials announced the SuperLOTTO Plus® jackpot for Wednesday, May 4, 2005 at $48 million.
A single jackpot winner of $48 million choosing annual payments would receive 26 annual payments with the first payment being $1.2 million and the 26th payment more than $2.4 million before taxes. The estimated cash value would equal roughly half of the jackpot or $24 million, the amount the Lottery would invest to payout the jackpot prize over 26 years.
California education and businesses win too. A retailer who sells a single winning $48 million ticket would receive a $240,000 bonus for selling the winning ticket and California's public schools will receive more than $31 million from the draw sales associated with this jackpot.