Pasadena Star-News - $110 Million Jackpot
Lotto lowdown: $550,000 to merchant, but where's the winner?
By Cortney Fielding Staff Writer
Quotes:
>>It was California's largest jackpot in four years and the sixth highest in state history.
The numbers drawn were 2, 9, 12, 20, 34 and Mega number 16.
Until Wednesday night, no one had won the top prize in the twice-weekly game in 23 rounds, setting a new state record.
Standing behind the counter of Foremost Liquor Market as reporters peppered him with questions, Sidhu was all smiles.
[snip]
Sidhu has owned the store for three years; it's been in the neighborhood for three decades.<<
I really hope the winner is a resident of my hometown.
>>If the ticket holder chooses annual payments, they will begin at $2.75 million and graduate to more than $5.6 million by the 26th year, before taxes.
If the cash option is chosen, the winner will receive a lump sum of roughly half the jackpot amount, or about $57 million, according to Lottery officials.<<
Yeah, but what will it be after taxes? $30 million? Peanuts!
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