USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Aug 14, 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 $17,000,000 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, Aug 14, 1998
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$255,874$59,931$14,943$181,001
2$268,668$64,409$15,690$188,569
3$282,102$69,110$16,475$196,517
4$296,207$74,047$17,298$204,861
5$311,017$79,231$18,163$213,623
6$326,568$84,673$19,072$222,823
7$342,896$90,388$20,025$232,483
8$360,041$96,389$21,026$242,625
9$378,043$102,690$22,078$253,276
10$396,945$109,306$23,182$264,458
11$416,792$116,252$24,341$276,200
12$437,632$123,546$25,558$288,528
13$459,514$131,205$26,836$301,474
14$482,489$139,246$28,177$315,066
15$506,614$147,690$29,586$329,338
16$531,945$156,555$31,066$344,324
17$558,542$165,864$32,619$360,059
18$586,469$175,639$34,250$376,580
19$615,792$186,031$35,962$393,799
20$646,582$197,423$37,760$411,398
21$678,911$209,385$39,648$429,878
22$712,856$221,945$41,631$449,281
23$748,499$235,132$43,712$469,654
24$785,924$248,980$45,898$491,047
25$825,220$263,519$48,193$513,508
26$866,482$278,786$50,603$537,093
27$909,806$294,816$53,133$561,857
28$955,296$311,647$55,789$587,859
29$1,003,061$329,320$58,579$615,162
30$1,053,214$347,877$61,508$643,829
Total$17,000,000$5,111,032$992,801$10,896,170

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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.