SUPERLotto PLUS JACKPOT SKYROCKETS TO $115 MILLION - FOURTH LARGEST JACKPOT IN CALIFORNIA LOTTERY HISTORY
Sacramento, August 22, 2002 -- Lottery officials announced the estimated SuperLotto Plus jackpot for Saturday night's draw at $115 million. "Sales are phenomenal and the jackpot is at a record-breaking $115 million, our fourth highest since the start-up of the Lottery in 1985," said Joan Wilson, Director of the California Lottery. "What a great way to end the summer of 2002! The best part is the $72 million that will go to the state's public schools."
A single jackpot winner of $115 million would receive 26 annual payments with the first payment equaling approximately $2.87 million and the 26th payment being approximately $5.86 million before taxes. The estimated cash value would equal roughly half of the jackpot, $57 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. 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 $575,000 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. The third largest jackpot was $118 million won in April of 1991 by 10 winning tickets and 54 winners.
SuperLotto Plus can be played at more than 18,000 retail business establishments around the state. 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 night of the draw.
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