JACKPOT ADVISORY - SuperLotto Plus Jackpot Rises to $42 Million Lucky Californian to Celebrate Holidays By Winning Big Bucks
SACRAMENTO, December 16, 2002-- Lottery officials announced the estimated SuperLotto Plus jackpot for Wednesday, December 18, 2002 at $42 million. "The holiday's are in full swing and there's one gift that can be very special," said Lottery Director Joan Wilson. "Imagine winning SuperLotto Plus this holiday season! It's great fun just thinking about that lucky Californian that will win this jackpot. The best part of it all is that the jackpot will provide approximately $25 million in additional revenues to California's public schools."
A single jackpot winner of $42 million would receive a cash option of roughly half the jackpot or approximately $22 million. A 26 year annual payment plan ranges from $1.05 million to $2.1 million (before taxes) in the final year. There is a 27% federal withholding. In the event of the death of a winner, the full prize is paid to the estate of the winner. A retailer who sells the winning ticket would receive 1/2 of 1% of the jackpot as a bonus for selling the winning ticket. A single winning ticket would yield $210,000 for the retailer.
On February 16, 2002 the largest jackpot in California Lottery history reached $193 million and was won by 3 winning tickets from Orange, Half Moon Bay and Montebello. On June 23, 2001 the second 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.
SuperLotto Plus can be played at more than 18,000 retail business establishments around the state. SuperLotto Plus tickets are $1 dollar each. 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 date of the draw.
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