SUPERLotto PLUS JACKPOT ROLLS TO $115 MILLION!
SACRAMENTO, February 10, 2002 -- Lottery officials announced today that no one matched all six SuperLotto Plus numbers for the drawing on Saturday, February 9, 2002. The jackpot has rolled again and the top prize is now a whopping $115 million.
"This is the third largest jackpot in our 16-year history," said Lottery Director Joan Wilson. "This latest lottery jackpot will benefit the state's public schools by at least $60 million."
A single jackpot winner of $115 million choosing the 26 annual payments would receive a first payment equaling $2.8 million and the 26th payment estimated at $5.8 million before Federal withholding -- there are no state or local taxes. The estimated cash value would equal roughly half of the jackpot, $57.5 million or the amount the lottery would invest in U.S. Treasury Bonds 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.
The current jackpot of $115 million is the third largest in the top ten California Lottery jackpots. On June 23, 2001 the 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 April 17, 1991, the second largest jackpot in California Lottery history reached $118.8 million and was won 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 may purchase tickets until 7:45 p.m. on the night of the draw.
- # # # -