USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 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 $25,000,000 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 20, 1998
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$376,286$102,075$21,975$252,236
2$395,100$108,660$23,074$263,367
3$414,855$115,574$24,228$275,054
4$435,598$122,834$25,439$287,325
5$457,378$130,457$26,711$300,210
6$480,247$138,461$28,046$313,739
7$504,259$146,865$29,449$327,945
8$529,472$155,690$30,921$342,861
9$555,946$164,956$32,467$358,523
10$583,743$174,685$34,091$374,968
11$612,930$184,972$35,795$392,163
12$643,577$196,311$37,585$409,681
13$675,755$208,217$39,464$428,074
14$709,543$220,719$41,437$447,387
15$745,020$233,845$43,509$467,666
16$782,271$247,628$45,685$488,959
17$821,385$262,100$47,969$511,316
18$862,454$277,296$50,367$534,791
19$905,577$293,251$52,886$559,440
20$950,856$310,004$55,530$585,321
21$998,398$327,595$58,306$612,497
22$1,048,318$346,066$61,222$641,031
23$1,100,734$365,459$64,283$670,992
24$1,155,771$385,823$67,497$702,451
25$1,213,560$407,205$70,872$735,483
26$1,274,238$429,656$74,415$770,166
27$1,337,949$453,229$78,136$806,584
28$1,404,847$477,981$82,043$844,823
29$1,475,089$503,971$86,145$884,973
30$1,548,844$531,260$90,452$927,131
Total$25,000,000$8,022,845$1,459,999$15,517,157

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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.