JACKPOT ADVISORY -- SUPERLotto PLUS JACKPOT HITS $97 MILLION
SACRAMENTO, August 27, 2004-- Lottery officials announced the SuperLotto Plus® jackpot for Saturday, August 28, 2004 at $97 million. “Sales are good and this enabled us to raise the jackpot to $97 million,” said Lottery Interim Director Dennis Sequeira. “No record breaking times or perfect dives are needed to win, all you need are six of your favorite numbers and $1.”
A single jackpot winner of $97 million choosing annual payments would receive 26 annual payments with the first payment being approximately $2.4 million and the 26th payment being more than $4.9 million before taxes. The estimated cash value would equal roughly half of the jackpot or $48.5 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 $97 million ticket would receive a $485,000 bonus for selling the winning ticket and California's public schools will receive more than $58 million from the draw sales associated with this jackpot.
On February 16, 2002, the record-breaking jackpot in California Lottery history reached $193 million and was won by 3 winning tickets purchased in Montebello, Orange and Half Moon Bay. Alcario Castellano of San Jose, California made Lottery history when he became the record-breaking highest individual jackpot winner of $141 million on June 23, 2001.
SuperLotto Plus can be played at approximately 18,000 retail business establishments around California. 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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