USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 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 $16,000,000 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, Sep 15, 1998
Jackpot:$16,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$240,823$54,750$14,064$172,009
2$252,864$58,877$14,767$179,220
3$265,507$63,302$15,506$186,699
4$278,783$67,949$16,281$194,553
5$292,722$72,827$17,095$202,799
6$307,358$77,950$17,950$211,458
7$322,726$83,329$18,847$220,550
8$338,862$88,976$19,790$230,096
9$355,805$94,907$20,779$240,120
10$373,595$101,133$21,818$250,644
11$392,275$107,671$22,909$261,695
12$411,889$114,536$24,054$273,299
13$432,483$121,744$25,257$285,482
14$454,108$129,312$26,520$298,275
15$476,813$137,259$27,846$311,708
16$500,654$145,604$29,238$325,812
17$525,686$154,365$30,700$340,621
18$551,971$163,564$32,235$356,171
19$579,569$173,224$33,847$372,498
20$608,548$183,366$35,539$389,642
21$638,975$194,609$37,316$407,050
22$670,924$206,430$39,182$425,312
23$704,470$218,842$41,141$444,487
24$739,693$231,874$43,198$464,621
25$776,678$245,559$45,358$485,761
26$815,512$259,927$47,626$507,959
27$856,288$275,014$50,007$531,266
28$899,102$290,855$52,508$555,739
29$944,057$307,489$55,133$581,435
30$991,260$324,954$57,890$608,416
Total$16,000,000$4,750,198$934,401$10,315,397

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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.