$43 Million SuperLotto Plus Jackpot up for Grabs Largest Single-State Jackpot in the Nation.Entertainment Editors/News Editors SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif.--(BUSINESS WIRE)--Oct. 7, 2003 Lottery lottery, scheme for distributing prizes by lot or other method of chance selection to persons who have paid for the opportunity to win. The term is not applicable when lots are drawn without payment by the interested parties to determine some matter, e.g. officials announced the estimated SuperLotto Plus jackpot for Wednesday's draw at $43 million. "Winning a jackpot of this magnitude could change a person's life. It certainly would make reaching those financial goals a lot easier whether it be retirement, going on a cruise, buying that new boat, all of these thing could be possible for the next winner," said Lottery Director Tony Molica. A single jackpot winner of $43 million who chooses the 26 graduated annual payments would receive approximately $1,075,000 the first year and $2,193,000 the 26th year (before 25% Federal withholding tax The amount legally deducted from an employee's wages or salary by the employer, who uses it to prepay the charges imposed by the government on the employee's yearly earnings. ). A single jackpot winner who chooses the cash option would receive the estimated cash value which is roughly half the announced jackpot or $41.5 million (before Federal withholding tax). No state or local taxes are deducted de·duct v. de·duct·ed, de·duct·ing, de·ducts v.tr. 1. To take away (a quantity) from another; subtract. 2. To derive by deduction; deduce. v.intr. from California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Lottery prizes. 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. On June 23, 2001, Alcario Castellano of San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. made Lottery history when he became the highest individual jackpot winner of $141 million. SuperLotto Plus can be played at approximately 19,000 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. Note: Additional information about the California Lottery may be found on our web site at www.calottery.com. |
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