USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Nov 14, 1997

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The tax information provided here is based on 2024 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 $11,000,000 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 money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Fri, Nov 14, 1997
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$165,566$32,778$9,669$123,118
2$173,844$34,765$10,152$128,927
3$182,536$36,851$10,660$135,025
4$191,663$39,042$11,193$141,428
5$201,246$42,085$11,753$147,408
6$211,309$45,305$12,340$153,663
7$221,874$48,686$12,957$160,230
8$232,968$52,236$13,605$167,126
9$244,616$55,990$14,286$174,340
10$256,847$60,271$15,000$181,576
11$269,689$64,766$15,750$189,173
12$283,174$69,486$16,537$197,151
13$297,332$74,441$17,364$205,527
14$312,199$79,644$18,232$214,322
15$327,809$85,108$19,144$223,557
16$344,199$90,845$20,101$233,254
17$361,409$96,868$21,106$243,435
18$379,480$103,193$22,162$254,126
19$398,454$109,834$23,270$265,351
20$418,376$116,807$24,433$277,137
21$439,295$124,128$25,655$289,512
22$461,260$131,816$26,938$302,507
23$484,323$139,888$28,284$316,151
24$508,539$148,363$29,699$330,477
25$533,966$157,263$31,184$345,520
26$560,665$166,607$32,743$361,314
27$588,698$176,419$34,380$377,899
28$618,133$186,897$36,099$395,137
29$649,039$198,332$37,904$412,803
30$681,491$210,340$39,799$431,353
Total$11,000,000$2,979,054$642,399$7,378,547

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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.