USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jan 2, 1998

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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 $10,000,000 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, Jan 2, 1998
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$29,166$8,790$112,558
2$158,040$30,972$9,230$117,838
3$165,942$32,869$9,691$123,382
4$174,239$34,860$10,176$129,204
5$182,951$36,951$10,684$135,316
6$192,099$39,158$11,219$141,722
7$201,704$42,232$11,779$147,692
8$211,789$45,459$12,368$153,961
9$222,378$48,848$12,987$160,544
10$233,497$52,406$13,636$167,455
11$245,172$56,185$14,318$174,669
12$257,431$60,475$15,034$181,921
13$270,302$64,981$15,786$189,536
14$283,817$69,711$16,575$197,532
15$298,008$74,678$17,404$205,927
16$312,909$79,893$18,274$214,742
17$328,554$85,369$19,188$223,998
18$344,982$91,118$20,147$233,716
19$362,231$97,156$21,154$243,921
20$380,342$103,495$22,212$254,636
21$399,359$110,151$23,323$265,886
22$419,327$117,139$24,489$277,699
23$440,294$124,478$25,713$290,103
24$462,308$132,183$26,999$303,127
25$485,424$140,273$28,349$316,802
26$509,695$148,768$29,766$331,161
27$535,180$157,688$31,254$346,238
28$561,939$167,053$32,817$362,068
29$590,036$176,887$34,458$378,690
30$619,537$187,417$36,181$395,940
Total$10,000,000$2,638,019$584,001$6,777,984

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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.