USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Feb 9, 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 $7,000,000 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, Feb 9, 1999
Jackpot:$7,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$105,360$18,329$6,153$80,878
2$110,628$19,593$6,461$84,574
3$116,159$20,921$6,784$88,455
4$121,967$22,315$7,123$92,530
5$128,066$23,778$7,479$96,808
6$134,469$25,315$7,853$101,301
7$141,193$26,929$8,246$106,018
8$148,252$28,623$8,658$110,971
9$155,665$30,402$9,091$116,172
10$163,448$32,270$9,545$121,633
11$171,620$34,231$10,023$127,366
12$180,201$36,291$10,524$133,387
13$189,212$38,453$11,050$139,708
14$198,672$41,262$11,602$145,808
15$208,606$44,440$12,183$151,983
16$219,036$47,778$12,792$158,466
17$229,988$51,283$13,431$165,274
18$241,487$54,962$14,103$172,422
19$253,562$59,121$14,808$179,632
20$266,240$63,559$15,548$187,133
21$279,552$68,218$16,326$195,008
22$293,529$73,110$17,142$203,277
23$308,206$78,247$17,999$211,960
24$323,616$83,640$18,899$221,076
25$339,797$89,304$19,844$230,649
26$356,787$95,250$20,836$240,700
27$374,626$101,494$21,878$251,254
28$393,357$108,050$22,972$262,335
29$413,025$114,933$24,121$273,971
30$433,676$122,161$25,327$286,188
Total$7,000,000$1,654,262$408,801$4,936,937

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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.