What is California SuperLotto Plus Lottery
SuperLotto Plus is the State of California original millionaire-maker SuperLotto Plus is one of the state lottery™s three most popular games, with many jackpots reaching as high as $10 to $30 million. SuperLotto Plus jackpots have also soared much higher, with the largest payouts going as high as $193 million, $141 million, $120 million, $110 million and $91 million.
SuperLotto Plus™ predecessor, California Super Lotto, premiered in 1986 following California voters™ approval of Proposition 37, the Lottery Act, in 1984. The game has gone through a variety of configurations, but its current set-up of 5 numbers plus a MEGA number began in 2000. The name of the game was changed to SuperLotto Plus at that same time.
SuperLotto Plus offers twice weekly draws Wednesday and Saturday 19:57 PST, Days can be changed due to public holidays.
SuperLotto Plus offers a minimum jackpot of $7 million.
The biggest jackpot ever paid out by SuperLotto Plus was $193 million, on February 16th, 2002.
Choose 5 numbers out of possible 47 + 1 Mega number from a pool of 27. The jackpot winner needs to match all 6 numbers.
Six percent of lottery income is used for administration and 94% is funneled to public education, player prizes and retailer compensation. While the actual number fluctuates from year to year, the California State Lottery contributes about $1 billion each year to California public schools.
Jackpot payments default to 26 annual payments at a graduated rate. However, winners can choose a cash value option within 60 days. The cash value option is usually about 45% to 55% of the jackpot value.
Prizes over $599 are reported to the IRS, but winnings are not taxed by California or local governments. Most winnings are subject to federal withholding of 25% or 33%.