Only a few weeks remain for the Mega Millions jackpot winner to claim their award.

[{"selector":"#anim-6881509b-c54d-40d7-90d4-839fcb5751fc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.532714713487355%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google According to a representative for the Illinois Lottery, a Mega Millions reward from July has not yet been claimed.

[{"selector":"#anim-0fd429e7-3ce9-4b41-89ec-946c9729d36d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.246337776828504%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google If the jackpot isn't claimed by the winner before September 27, it will turn into an annuity.

[{"selector":"#anim-62111f82-8b29-48d6-93bf-ac5a22389e9a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.662499888728764%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google The one-time reduced lump-sum option for this $1.34 billion prize is $780.5 million.

[{"selector":"#anim-955ed122-e82a-47f3-af2b-90d8aa18f73e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.17613626761777%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google Time is running out if the July Mega Millions jackpot winner wants a lump sum payment.

[{"selector":"#anim-12247fe0-f5e8-4296-b438-db19925c4d86 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google Illinois Mega Millions winners have one year to take their prize in the form of a 30-year annuity.

[{"selector":"#anim-c8e1d60a-f333-4a4d-96d4-3025a60df1c8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.101614977553446%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google Winners of the Illinois Lottery have 60 days to select a reduced lump sum.

[{"selector":"#anim-287a3f1a-c2c2-4e03-96e8-5ac35b2ac71f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.532714713487355%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google They won't get to choose if they don't, according to Susan Bradley, a certified financial planner and the founder of the Sudden Money Institute in Palm Beach Gardens, Florida.

[{"selector":"#anim-e9d4f51f-37a9-44f5-9100-f2a6494aab81 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google According to Bradley, each strategy has advantages and disadvantages that are best resolved by a group of experts.

[{"selector":"#anim-5f59b762-aa5d-4dab-911e-55950508b607 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.101614977553446%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google Tax, wealth, investment, trust, and philanthropy experts might be on this team.

[{"selector":"#anim-d97cf980-ec19-4fb9-b70a-2cc136b37121 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google A 24% federal tax withholding, or $187.3 million, would be made. A total of $38.6 million in state income taxes, or 4.5%, would be withheld. After taxes, the winner would receive $554.6 million.