CALIFORNIA JACKPOT SWELLS TO $131 MILLION
SACRAMENTO, February 13, 2002 -- Lottery officials announced the SuperLotto Plus jackpot for Wednesday, February 13, 2002 at $131 million. "Sales are fantastic! Californians really have Lotto Fever," said Lottery Director Joan Wilson. "The most exciting part of this jackpot is that California schools will receive more than $75 million from the $131 million jackpot."
A single jackpot winner of $131 million would receive 26 annual payments with the first payment equaling approximately $3.27 million and the 26th payment being approximately $6.68 million before federal tax withholding of 27%. There are no state taxes. The estimated cash value of $65.5 million would equal roughly half of the jackpot, or the amount the Lottery would invest to payout the jackpot prize over 26 years. The odds of winning any jackpot are 1 in 41 million and the overall odds of winning any prize is 1 in 23. A retailer that sells a single winning ticket will receive a bonus of $655,000. In the event of the death of a winner, the full prize is paid to the estate of the winner. The current jackpot of $131 million is the second largest in the top ten California Lottery jackpots and the second single state jackpot in USA history. 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.
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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