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winner of $1.337 billion Mega Millions jackpot

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claim deadline approaching for Illinois lottery winner of $1.337 billion jackpot

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A crucial deadline for claiming the record-breaking $1.337 billion Mega Millions

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jackpot drawn in July is approaching for the single Illinois-based lottery winner

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If the winner wishes to claim the prize as a lump sum, however, they better get a move on

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They have a choice that will be made for them if they don't make it," Susan Bradley

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founder of the Sudden Money Institute in Palm Beach Gardens, Florida, told CNBC

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he cash option is taxed more heavily than if you were to receive the full annuity prize

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however you receive a massive amount of money right away versus annual payments over 29 years.

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Assume 50% of the annual payment is yours after taxes

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