SUPERLotto PLUS JACKPOT RISES TO $87 MILLION
SACRAMENTO, March 20, 2002 -- Lottery officials announced the SuperLotto Plus jackpot for tonight's draw at $87 million. "It has been an exciting couple of months at the Lottery," said Lottery Director Joan Wilson. "This is the second time this year that the jackpot reaches a level making California the state with the highest lottery in the nation, even higher than Power Ball and The Big Game."
A single jackpot winner of $87 million would receive 26 annual payments with the first payment equaling $2.175 million and the 26th payment being more than $4.437 million (before taxes). The estimated cash value would equal roughly half of the jackpot, $43.5 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. 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 $435,000 for the retailer.
On February 16, 2002 the largest jackpot in California Lottery history reached $193 million and was won by 3 winning tickets from Orange, Half Moon Bay and Montebello. 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 June 23, 2001.
SuperLotto Plus can be played at more than 18,000 retail business establishments around the state. The SuperLotto 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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