USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Dec 4, 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 $9,000,000 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, Dec 4, 1998
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,554$7,911$101,998
2$142,236$27,179$8,307$106,750
3$149,348$28,886$8,722$111,740
4$156,815$30,678$9,158$116,979
5$164,656$32,560$9,616$122,480
6$172,889$34,536$10,097$128,256
7$181,533$36,610$10,602$134,321
8$190,610$38,789$11,132$140,689
9$200,140$41,731$11,688$146,721
10$210,147$44,934$12,273$152,941
11$220,655$48,296$12,886$159,473
12$231,688$51,827$13,531$166,330
13$243,272$55,534$14,207$173,531
14$255,436$59,777$14,917$180,741
15$268,207$64,247$15,663$188,297
16$281,618$68,941$16,446$196,230
17$295,699$73,869$17,269$204,561
18$310,483$79,044$18,132$213,307
19$326,008$84,477$19,039$222,491
20$342,308$90,183$19,991$232,135
21$359,423$96,173$20,990$242,260
22$377,395$102,463$22,040$252,892
23$396,264$109,067$23,142$264,055
24$416,078$116,002$24,299$275,777
25$436,881$123,283$25,514$288,084
26$458,726$130,929$26,790$301,007
27$481,662$138,956$28,129$314,576
28$505,745$147,385$29,536$328,824
29$531,032$156,236$31,012$343,784
30$557,584$165,529$32,563$359,492
Total$9,000,000$2,303,675$525,602$6,170,722

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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.