What is the Cash Value option?
If you mark the Cash Value box, and you win, you will receive the present cash value of the announced jackpot in one lump sum. This amount will be less than the announced jackpot. For example, if the announced jackpot is $7 million, the winner would receive about 54.408% or $3.81 million in one lump sum (less tax withholding). This example is based on average market costs, as of May 2003, of 26 annual payments funded by the U.S. Treasury Zero Coupon Bonds. With this option, you can look forward to a large cash payment up front. Annual payments. If you choose the annual payments option, you’ll receive the SuperLotto Plus jackpot in 26 graduated annual payments. For example, if the announced jackpot is $7 million, and you choose the annual payment option, you would receive $175,000 as the first payment (2.5% of jackpot amount). But, over the course of the next 25 years, these payments would gradually increase each year until the final payment of $357,000 – a 100% increase over the first
