California Lottery SuperLotto Plus Jackpot Surges to $60 Million

SACRAMENTO, California--(Press Release)--Feb. 26, 2001--California's SuperLotto Plus jackpot once again heats-up to a fever mark as the jackpot surges to $60 million. ``Brisk sales and no one matching five numbers plus the MEGA number has grown the jackpot from it's starting point at $7 million to its current state of $60 million,'' said Lottery Director Joan Wilson.

``Public schools will benefit by this jackpot with an additional $32 million.'' The winner of this jackpot, will join the ranks of the California Lottery's 1,215 SuperLotto multi-million dollar winners.

The California Lottery currently has the largest lottery jackpot in the country. A single jackpot winner of $60 million would receive 26 annual payments with the first payment equaling approximately $1.5 million and the 26th payment being approximately $3 million before taxes.

The estimated cash value would equal roughly half of the jackpot, $30 million or the amount the lottery would invest to payout the jackpot prize over 26 years. The last $60 million jackpot was won on February 19, 2000 and was split by three winning tickets that matched the winning combinations and 34 winners. A retailer who sells a single winning ticket for the $60 million jackpot will receive a commission of one half of one percent or $300,000. In the event of the death of a winner, the full prize is paid to the estate of the winner.