SuperLotto Plus Jackpot Raised to $98 Million
SACRAMENTO, October 22, 2003 -- Lottery officials announced the SuperLotto Plus jackpot for tonight’s draw at $98 million. “California is definitely experiencing ‘Lotto Fever’,” said Lottery CEO, Tony Molica. “California is a very exciting place to be with a jackpot of this magnitude.” California’s schools will receive more than $58 million from this jackpot.
A single jackpot winner of $98 million would receive 26 annual payments with the first payment being $2.45 million and the 26th payment being more than $4.9 million before taxes. The estimated cash value would equal roughly half of the jackpot, $49 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. The retailer would receive $490,000 for selling the winning jackpot ticket.
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.
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