Lottery officials in Illinois are searching for a lucky player who won a massive $10.4 million jackpot earlier this month but has yet to claim their prize.
The winning ticket was purchased at the 294 Inc. gas station on Golf Road in Des Plaines, located about 20 miles northwest of downtown Chicago. The jackpot came from the Illinois Lotto game, a draw similar to Mega Millions and Powerball, where players select six numbers between 1 and 50 or opt for a Quick Pick.
The winning numbers for the February 8, 2025, drawing have secured a life-changing fortune for one fortunate ticket holder—if they come forward in time.
How to Claim the Prize
Illinois Lottery rules require winners to claim their prizes within one year of the drawing, meaning the ticket holder has until February 8, 2026, to step forward. If they fail to do so, the winnings will be allocated to public education in Illinois.
To claim the jackpot, the winner must take three important steps:
- Sign the Ticket – This ensures that the rightful owner is identified and prevents disputes.
- Visit a Claim Center or Mail the Ticket – Given the large amount, the ticket must be redeemed in person at an Illinois Lottery claim center or mailed to lottery officials.
- Choose a Payout Option – Winners can opt for a one-time lump sum payment or receive the money through annuity payments spread over several years.
Lump Sum vs. Annuity
The debate over taking a lump sum versus annuity payments has long been discussed among financial experts. While annuities provide a steady income over time, many winners choose the lump sum for the opportunity to invest and potentially grow their wealth. Financial advisors strongly recommend winners consult with professionals before making a decision.
Taxes on the Jackpot
A significant portion of the winnings will go toward taxes. The federal government withholds 24% from lottery prizes exceeding $5,000, and an additional 13% may apply due to the winner’s tax bracket. On top of that, Illinois imposes a 4.95% state tax on lottery earnings.
As a result, the initial $10.4 million prize could be reduced to approximately $6,037,200 after taxes. While that’s a substantial deduction, it remains a significant windfall for the winner.
Other Unclaimed Prizes
This Illinois jackpot isn’t the only unclaimed lottery prize in the country. A Mega Millions player in Delaware is sitting on a $2 million ticket, while another ticket worth $1 million remains unclaimed in Arizona.
Gamble Responsibly
For those who play the lottery, it’s important to gamble responsibly. Set a budget, never spend more than you can afford to lose, and avoid gambling in times of stress or distress.
For assistance with problem gambling, resources are available:
- National Gambling Helpline: 1-800-522-4700
- National Council on Problem Gambling: www.ncpgambling.org
- Gamble Aware: www.begambleaware.org
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