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(2)        Cash Option Grand/Jackpot Prizes, if offered, shall be paid in a single payment upon completion of the internal validation procedures and administrative processes of the Party Lottery that sold the winning Official MEGA MILLIONS Ticket.  The Cash Option amount offered may be either the amount determined by multiplying the Annuitized prize amount by a discount value set by the MEGA MILLIONS Finance Committee prior to each drawing (the “Cash Equivalent Grand/Jackpot Prize”), divided by the number of Grand/Jackpot Prize winners, or the proceeds of the sale of bonds purchased to fund the particular winner’s share of the Annuitized Grand/Jackpot Prize amount, at the discretion of the Party Lottery which sold the winning Official MEGA MILLIONS Ticket.  Subject to the laws, rules and regulations of the Party Lottery of the state in which the Official MEGA MILLIONS Ticket was purchased, the Claimant has until the close of business on the 60^th day after the date the Claimant becomes entitled to the prize (as defined by the rules of the Party Lottery which sold the winning Official MEGA MILLIONS Ticket) to select the Cash Option Grand/Jackpot Prize method of payment.  No payment will be processed under the Cash Option Grand/Jackpot Prize provision until the Claimant submits a form irrevocably selecting said payment option.