A player's share of the grand prize shall be paid, with either a per winner annuity or cash payment, subject to the following:
- (a) The winner shall have no more than 60 days from the date a claim is filed to elect an annuity or a lump sum cash payment.
- (b) If the payment election is not made within 60 days from the date of claim, the prize shall be paid as an annuity prize.
- (c) The winner shall sign a statement furnished by the commission indicating their final election, either annuity or cash payment.
- (d) The winner shall be under no obligation to accept the cash payment.
- (e) The winner shall not be allowed to revoke, withdraw or otherwise change their final election.
Source. #7728, eff 7-23-02; ss by #9165, eff 5-31-08