SUPERLotto PLUS JACKPOT SOARS TO $89 MILLION
SACRAMENTO, March 2, 2001 -- Lottery officials announced the SuperLotto Plus jackpot for Saturday, March 3, 2001 at $89 million. "Sales have been steadily rising creating the third largest jackpot in the California Lottery's history, at $89 million," said Lottery Director, Joan Wilson. "Public schools will receive more than $51 million from this jackpot that has rolled 8 times."
A single jackpot winner of $89 million would receive 26 annual payments with the first payment equaling approximately $2.2 million and the 26th payment being approximately $4.5 million before taxes. The estimated cash value would equal roughly half of the jackpot, approximately $44.5 million or the amount the Lottery would invest to payout 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 and was split by ten winning tickets and 54 winners. Juanita Colla of San Francisco, California made Lottery history when she became the record-breaking highest individual jackpot winner of $88 million on August 16, 2000. The second largest jackpot in Lottery history, $104 million, was won on April 8, 1998 by three winning tickets and 24 winners. With at least 34% of all Lottery sales going to education, the sales from this jackpot (which has rolled 8 times since February 3) will generate an estimated $51 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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