SUPERLotto PLUS JACKPOT RISES TO $85 MILLION
SACRAMENTO, August 15, 2000 -- Lottery officials announced the SuperLotto Plus jackpot for Wednesday, August 16, 2000 at $85 million. "Lotto Fever has definitely hit California," said Lottery Commission Chairman, Dave Rosenberg. "It's exciting to see the jackpot growing and most importantly it means more money for public education."
A single jackpot winner of $85 million would receive 26 annual payments with the first payment equaling approximately $2.1 million and the 26th payment being approximately $4.3 million before taxes. The estimated cash value would equal roughly half of the jackpot, $42 million or the amount the Lottery would invest to pay out the jackpot prize over 26 years. In the event of the death of a winner, the full prize is paid to the estate of the winner.
On April 17, 1991, the largest jackpot in California Lottery history reached $118.8 million won by 10 winning tickets and 54 winners. Salvador Gonzalez of Anaheim, California made Lottery history when he became the record-breaking highest individual jackpot winner of $87 million on June 9, 1999. With at least 34% of all Lottery sales going to education, the sales from this jackpot (which has rolled 8 times) will generate an estimated $48 million for public education.
SuperLotto Plus can be played at more than 18,000 retail business establishments around the state. The SuperLotto PlusSM 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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