claim deadline approaching for Illinois lottery winner of $1.337 billion jackpot
A crucial deadline for claiming the record-breaking $1.337 billion Mega Millions
jackpot drawn in July is approaching for the single Illinois-based lottery winner
If the winner wishes to claim the prize as a lump sum, however, they better get a move on
They have a choice that will be made for them if they don't make it," Susan Bradley
founder of the Sudden Money Institute in Palm Beach Gardens, Florida, told CNBC
he cash option is taxed more heavily than if you were to receive the full annuity prize
however you receive a massive amount of money right away versus annual payments over 29 years.
Assume 50% of the annual payment is yours after taxes
if you like the story Share It