MegaMillions jackpot  winner has only a few  weeks to collect prize.

MegaMillions jackpot winner has only a few weeks to collect prize.

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An lllinois Lottery spokeswoman said Thursday that a July Mega Millions payout remained unclaimed. If the

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winner doesn't claim the jackpot before Sept. 27 it will become an annuity.

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This $1.34 billion jackpot's one-time reduced lump-sum option is $780.5 million.If the July Mega Millions Jackpot winner wants a lump payout, time is running out.

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Each approach has benefits and downsides that are best sorted out by a team of specialists, Bradley

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said. This team may comprise tax, wealth, investment, trust, and philanthropic professionals.

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Federal taxes of 24%, or $187.3 million, would be withheld. State income taxes would be withheld at

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4.5%, or $38.6 million. The winner would have $554.6 million after taxes.

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