JACKPOT ADVISORY - California Lottery SuperLotto Plus Jackpot Rises to $54 Million
SACRAMENTO, March 11, 2002 -- Lottery officials announced the SuperLotto Plus jackpot for Wednesday, March 13, 2002 at $54 million. "The SuperLotto Plus jackpot has risen to $54 million as the leprechauns get ready to celebrate the luck of the Irish," said Lottery Director Joan Wilson. "The best news is that public schools will receive nearly $30 million from the draw sales associated with this jackpot."
The California Lottery for the second time in 2002 has the largest single-state jackpot in the country. A single jackpot winner of $54 million would receive 26 annual payments with the first payment equaling approximately $1.2 million and the 26th payment being approximately $2.7 million before taxes. The estimated cash value would equal roughly half of the jackpot, $27 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 February 16, 2002 the largest 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.
With at least 34% of all Lottery sales going to education, the sales from this jackpot (which has rolled 6 times since February 16, 2002) will generate an estimated $30 million for public education.
SuperLotto can be played at more than 18,000 retail business establishments around the state. The SuperLotto 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.
A lucky winner who bought their ticket at the Fig Tree Liquor in Fresno has yet to claim their $21.5 million jackpot from January 5, 2002. That ticket will expire at 180 days after the date of the draw or July 4, 2002.
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