USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $850,000,000 for a ticket purchased in Nebraska, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 6.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$875,090$7,220,881
2$13,433,406$4,934,432$918,845$7,580,129
3$14,105,076$5,182,950$964,787$7,957,338
4$14,810,330$5,443,894$1,013,027$8,353,409
5$15,550,846$5,717,885$1,063,678$8,769,283
6$16,328,389$6,005,576$1,116,862$9,205,951
7$17,144,809$6,307,651$1,172,705$9,664,452
8$18,002,049$6,624,830$1,231,340$10,145,878
9$18,902,151$6,957,868$1,292,907$10,651,376
10$19,847,259$7,307,558$1,357,552$11,182,148
11$20,839,622$7,674,732$1,425,430$11,739,459
12$21,881,603$8,060,265$1,496,702$12,324,636
13$22,975,683$8,465,075$1,571,537$12,939,071
14$24,124,467$8,890,125$1,650,114$13,584,228
15$25,330,690$9,336,428$1,732,619$14,261,643
16$26,597,225$9,805,046$1,819,250$14,972,929
17$27,927,086$10,297,094$1,910,213$15,719,779
18$29,323,440$10,813,745$2,005,723$16,503,972
19$30,789,612$11,356,229$2,106,009$17,327,374
20$32,329,093$11,925,837$2,211,310$18,191,946
21$33,945,547$12,523,925$2,321,875$19,099,747
22$35,642,825$13,151,917$2,437,969$20,052,938
23$37,424,966$13,811,310$2,559,868$21,053,789
24$39,296,214$14,503,671$2,687,861$22,104,682
25$41,261,025$15,230,651$2,822,254$23,208,119
26$43,324,077$15,993,981$2,963,367$24,366,729
27$45,490,280$16,795,476$3,111,535$25,583,269
28$47,764,794$17,637,046$3,267,112$26,860,636
29$50,153,034$18,520,695$3,430,468$28,201,871
30$52,660,686$19,448,526$3,601,991$29,610,169
Total$850,000,002$313,422,167$58,140,000$478,437,831

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.