USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Dec 8, 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 $5,000,000 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:Tue, Dec 8, 1998
Jackpot:$5,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$75,257$11,610$4,395$59,253
2$79,020$12,437$4,615$61,968
3$82,971$13,307$4,846$64,819
4$87,120$14,219$5,088$67,812
5$91,476$15,178$5,342$70,956
6$96,049$16,184$5,609$74,256
7$100,852$17,247$5,890$77,715
8$105,894$18,457$6,184$81,253
9$111,189$19,728$6,493$84,968
10$116,749$21,062$6,818$88,868
11$122,586$22,463$7,159$92,964
12$128,715$23,934$7,517$97,264
13$135,151$25,479$7,893$101,779
14$141,909$27,101$8,287$106,521
15$149,004$28,803$8,702$111,499
16$156,454$30,592$9,137$116,726
17$164,277$32,469$9,594$122,214
18$172,491$34,440$10,073$127,977
19$181,115$36,510$10,577$134,028
20$190,171$38,684$11,106$140,382
21$199,680$41,584$11,661$146,434
22$209,664$44,779$12,244$152,640
23$220,147$48,133$12,857$159,157
24$231,154$51,656$13,499$165,999
25$242,712$55,354$14,174$173,183
26$254,848$59,571$14,883$180,393
27$267,590$64,031$15,627$187,931
28$280,969$68,714$16,409$195,847
29$295,018$73,631$17,229$204,158
30$309,769$78,794$18,090$212,884
Total$5,000,000$1,046,151$291,998$3,661,848

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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.