A crucial claiming deadline for the $1.34 billion Mega Millions jackpot winner is approaching in the coming week

Mega Millions prize of Illinois lottery that was won in July had not to be claimed as of Thursday 

The jackpot will fall to the annuity option if the winner doesn’t claim it in a particular period

Mega Millions winners in Illinois  have one year to claim their prize if they prefer to receive it as a 30-year annuity 

A ticket purchased in Des Plaines, Illinois, won the $1.34 billion jackpot 

It was the second-largest payout in the game’s history. 

According to Meghan Powers , the jackpot was still unclaimed as of Thursday. 

For a prize of this size, it’s normal for the winner to wait a little while before claiming it 

There are advantages and disadvantages to both options 

Before taxes, the lump-sum option is worth $780.5 million 

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