USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 1999

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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 $35,000,000 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, Jan 22, 1999
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$526,800$154,755$30,765$341,280
2$553,140$163,974$32,303$356,863
3$580,797$173,654$33,919$373,225
4$609,837$183,827$35,614$390,395
5$640,329$195,109$37,395$407,824
6$672,345$206,956$39,265$426,125
7$705,963$219,394$41,228$445,341
8$741,261$232,454$43,290$465,517
9$778,324$246,168$45,454$486,702
10$817,240$260,567$47,727$508,947
11$858,102$275,686$50,113$532,303
12$901,007$291,560$52,619$556,828
13$946,058$308,229$55,250$582,579
14$993,360$325,731$58,012$609,617
15$1,043,028$344,108$60,913$638,007
16$1,095,180$363,404$63,959$667,817
17$1,149,939$383,665$67,156$699,117
18$1,207,436$404,939$70,514$731,983
19$1,267,808$427,277$74,040$766,491
20$1,331,198$450,731$77,742$802,725
21$1,397,758$475,358$81,629$840,771
22$1,467,646$501,217$85,711$880,719
23$1,541,028$528,368$89,996$922,664
24$1,618,079$556,877$94,496$966,706
25$1,698,983$586,812$99,221$1,012,951
26$1,783,933$618,243$104,182$1,061,508
27$1,873,129$651,246$109,391$1,112,493
28$1,966,786$685,898$114,860$1,166,027
29$2,065,125$722,284$120,603$1,222,238
30$2,168,381$760,489$126,633$1,281,259
Total$35,000,000$11,698,980$2,044,000$21,257,022

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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.