USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jan 26, 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 $40,000,000 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, Jan 26, 1999
Jackpot:$40,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$602,057$181,095$35,160$385,802
2$632,160$192,087$36,918$403,155
3$663,768$203,782$38,764$421,222
4$696,957$216,062$40,702$440,193
5$731,805$228,955$42,737$460,112
6$768,395$242,494$44,874$481,027
7$806,815$256,709$47,118$502,987
8$847,155$271,635$49,474$526,046
9$889,513$287,308$51,948$550,258
10$933,989$303,764$54,545$575,680
11$980,688$321,042$57,272$602,374
12$1,029,722$339,185$60,136$630,402
13$1,081,209$358,235$63,143$659,831
14$1,135,269$378,237$66,300$690,732
15$1,192,032$399,240$69,615$723,178
16$1,251,634$421,292$73,095$757,246
17$1,314,216$444,448$76,750$793,018
18$1,379,927$468,761$80,588$830,578
19$1,448,923$494,289$84,617$870,017
20$1,521,369$521,094$88,848$911,427
21$1,597,438$549,240$93,290$954,908
22$1,677,309$578,792$97,955$1,000,562
23$1,761,175$609,822$102,853$1,048,500
24$1,849,234$642,404$107,995$1,098,834
25$1,941,695$676,615$113,395$1,151,685
26$2,038,780$712,536$119,065$1,207,179
27$2,140,719$750,254$125,018$1,265,447
28$2,247,755$789,857$131,269$1,326,629
29$2,360,143$831,441$137,832$1,390,870
30$2,478,150$875,103$144,724$1,458,323
Total$40,000,000$13,545,778$2,336,000$24,118,222

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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.