USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Sep 22, 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 $20,000,000 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 22, 1998
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$75,735$17,580$207,714
2$316,080$81,003$18,459$216,618
3$331,884$86,534$19,382$225,968
4$348,478$92,342$20,351$235,785
5$365,902$98,441$21,369$246,093
6$384,197$104,844$22,437$256,916
7$403,407$111,567$23,559$268,281
8$423,578$118,627$24,737$280,214
9$444,757$126,040$25,974$292,743
10$466,994$133,823$27,272$305,899
11$490,344$141,995$28,636$319,713
12$514,861$150,576$30,068$334,217
13$540,604$159,586$31,571$349,447
14$567,635$169,047$33,150$365,438
15$596,016$178,980$34,807$382,228
16$625,817$189,740$36,548$399,529
17$657,108$201,318$38,375$417,415
18$689,963$213,474$40,294$436,195
19$724,461$226,238$42,309$455,914
20$760,685$239,641$44,424$476,620
21$798,719$253,714$46,645$498,360
22$838,655$268,490$48,977$521,187
23$880,587$284,005$51,426$545,156
24$924,617$300,296$53,998$570,323
25$970,848$317,401$56,698$596,749
26$1,019,390$335,362$59,532$624,496
27$1,070,360$354,221$62,509$653,630
28$1,123,878$374,022$65,634$684,221
29$1,180,071$394,814$68,916$716,341
30$1,239,075$416,645$72,362$750,067
Total$20,000,000$6,198,521$1,167,999$12,633,477

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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.