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(c)        If the Annuitized Grand/Jackpot Prize divided by the number of MEGA MILLIONS Panels matching all five (5) of the five (5) MEGA MILLIONS Winning Numbers for Field 1 and the one (1) MEGA MILLIONS Winning Number for Field 2 is equal to or greater than $1,000,000, the Grand/Jackpot Prize(s) will be paid under the Annuity Option unless a Cash Option was offered to and accepted by the Grand/Jackpot Prize Claimant as prescribed in the statutes, administrative rules and regulations, or procedures of the Party Lottery selling the winning Official MEGA MILLIONS Ticket. 

            (d)        (1)        Annuity Option Grand/Jackpot Prizes shall be paid in twenty-six (26) consecutive annual installments by the Party Lottery that sold the winning Official MEGA MILLIONS Ticket.  The initial payment shall be paid upon completion of internal validation procedures.  The subsequent twenty-five (25) payments shall be paid annually to coincide with the month of the federal auction date at which the bonds were purchased to fund the Annuity.  All such payments shall be made within seven (7) days of the anniversary of the annual auction date.