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How long does a Megabucks or Powerball jackpot winner have to decide on a payout option?

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How long does a Megabucks or Powerball jackpot winner have to decide on a payout option?

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A Vermont jackpot winner has 60 calendar days from ticket validation and at Vermont Lottery headquarters for Megabucks and 60 calendar days from the winning jackpot draw date for Powerball to elect a one-time-only cash payment (CASH option) or annual installments (ANNUITY option).

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