USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Feb 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 $13,000,000 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, Feb 14, 1997
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$40,300$11,427$143,941
2$205,452$43,431$11,998$150,023
3$215,725$46,718$12,598$156,408
4$226,511$50,170$13,228$163,113
5$237,836$53,794$13,890$170,153
6$249,728$57,780$14,584$177,365
7$262,215$62,150$15,313$184,751
8$275,325$66,739$16,079$192,508
9$289,092$71,557$16,883$200,652
10$303,546$76,616$17,727$209,203
11$318,724$81,928$18,613$218,182
12$334,660$87,506$19,544$227,610
13$351,393$93,362$20,521$237,509
14$368,962$99,512$21,547$247,903
15$387,411$105,968$22,625$258,817
16$406,781$112,748$23,756$270,277
17$427,120$119,867$24,944$282,310
18$448,476$127,341$26,191$294,944
19$470,900$135,190$27,501$308,210
20$494,445$143,430$28,876$322,139
21$519,167$152,083$30,319$336,765
22$545,126$161,169$31,835$352,122
23$572,382$170,708$33,427$368,246
24$601,001$180,725$35,098$385,177
25$631,051$191,677$36,853$402,521
26$662,604$203,351$38,696$420,556
27$695,734$215,609$40,631$439,494
28$730,520$228,480$42,662$459,378
29$767,046$241,995$44,796$480,256
30$805,399$256,185$47,035$502,178
Total$13,000,000$3,678,089$759,197$8,562,711

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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.