SUPERLotto PLUS JACKPOT HITS $88 MILLION-- FOURTH LARGEST IN LOTTERY'S HISTORY
SACRAMENTO, June 20, 2001 -- Lottery officials announced the SuperLotto PlusSM jackpot for tonight's draw is $88 million. "California has a case of Lotto Fever which is driving up sales and making it possible to raise the jackpot to this level," said Lottery Director, Joan Wilson. "This jackpot will raise approximately $50 million for public schools, which will increase contributions to education to more than $1 billion for this fiscal year."
Since SuperLotto Plus began on June 4, 2000 there have been a total of 50.6 million winners, more than 30 million more winners than with the old SuperLotto game. There have also been over 51,253 winners of $100 or more and there have been 766 winners of a second prize averaging between $24,000, but as high as $63,000.
A single jackpot winner of $88 million would receive 26 annual payments with the first payment equaling approximately $2.2 million and the 26th payment being approximately $4.4 million before taxes. The estimated cash value would equal roughly half of the jackpot, approximately $44 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.
Today a lucky winner who purchased his ticket in Northridge for the May 2nd draw heard the news of Lotto Fever and realized he hadn't checked his tickets from last month's draw. He went to the drawer he kept them in and found out he was the outstanding winner from the May 2nd draw. Mohammed Azimi, a very excited small-business owner was asked what took him so long to check the tickets and the procrastinator replied with a giggle, "I just didn't get around to checking them right away."
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. Sang Cho of Moraga, California made Lottery history when she became the record-breaking highest individual jackpot winner of $89 million on March 3, 2001. With at least 34% of all Lottery sales going to education, the sales from this jackpot (which has rolled 8 times) will generate an estimated $50 million for public education.
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.
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