USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Aug 11, 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 $15,000,000 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, Aug 11, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,933$13,185$162,653
2$237,060$53,546$13,844$169,670
3$248,913$57,494$14,537$176,882
4$261,359$61,850$15,263$184,245
5$274,427$66,424$16,027$191,976
6$288,148$71,227$16,828$200,094
7$302,555$76,269$17,669$208,617
8$317,683$81,564$18,553$217,567
9$333,567$87,123$19,480$226,964
10$350,246$92,961$20,454$236,831
11$367,758$99,090$21,477$247,191
12$386,146$105,526$22,551$258,069
13$405,453$112,283$23,678$269,491
14$425,726$119,379$24,862$281,485
15$447,012$126,829$26,106$294,078
16$469,363$134,652$27,411$307,300
17$492,831$142,866$28,781$321,184
18$517,472$151,490$30,220$335,762
19$543,346$160,546$31,731$351,069
20$570,513$170,054$33,318$367,141
21$599,039$180,038$34,984$384,017
22$628,991$190,914$36,733$401,344
23$660,441$202,551$38,570$419,320
24$693,463$214,769$40,498$438,195
25$728,136$227,598$42,523$458,015
26$764,543$241,068$44,649$478,825
27$802,770$255,213$46,882$500,675
28$842,908$270,064$49,226$523,619
29$885,054$285,658$51,687$547,709
30$929,306$302,031$54,271$573,004
Total$15,000,000$4,391,010$875,998$9,732,992

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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.