California Lottery SuperLotto Plus Jackpot Rises to $52 Million-Largest Jackpot in the Nation
SACRAMENTO, July 31, 2003 -- Lottery officials announced the SuperLotto Plus jackpot for Saturday, August 2nd at $52 million. "The SuperLotto Plus jackpot has risen to $52 million as we continue to celebrate the summer weather," said Lottery Chief Deputy Director, Dennis Sequeira. "The best news is that since public schools receive 34% of all Lottery sales, they will receive more than $32 million from the draw sales associated with this jackpot."
The California Lottery has the largest single-state jackpot in the country, bigger than Powerball and Mega-Millions. A single jackpot winner of $52 million would receive 26 annual payments with the first payment being approximately $1.3 million and the 26th payment being approximately $2.6 million before taxes. The estimated cash value would equal roughly half of the jackpot, $26 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.
SuperLotto Plus can be played at more than 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.
- # # # -