USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Mar 15, 2002

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The tax information provided here is based on 2025 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 $42,000,000 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, Mar 15, 2002
Jackpot:$42,000,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$632,160$190,920$32,872$408,368
2$663,768$202,615$34,516$426,638
3$696,957$214,894$36,242$445,821
4$731,805$227,788$38,054$465,963
5$768,395$241,326$39,957$487,112
6$806,814$255,542$41,954$509,319
7$847,155$270,468$44,052$532,635
8$889,513$286,140$46,255$557,118
9$933,989$302,596$48,567$582,825
10$980,688$319,875$50,996$609,817
11$1,029,722$338,018$53,546$638,159
12$1,081,209$357,067$56,223$667,918
13$1,135,269$377,070$59,034$699,165
14$1,192,032$398,072$61,986$731,975
15$1,251,634$420,125$65,085$766,424
16$1,314,216$443,280$68,339$802,596
17$1,379,927$467,593$71,756$840,577
18$1,448,923$493,122$75,344$880,457
19$1,521,369$519,927$79,111$922,331
20$1,597,438$548,072$83,067$966,299
21$1,677,309$577,625$87,220$1,012,465
22$1,761,175$608,655$91,581$1,060,939
23$1,849,234$641,237$96,160$1,111,837
24$1,941,695$675,448$100,968$1,165,280
25$2,038,780$711,369$106,017$1,221,395
26$2,140,719$749,086$111,317$1,280,315
27$2,247,755$788,690$116,883$1,342,182
28$2,360,143$830,273$122,727$1,407,142
29$2,478,150$873,936$128,864$1,475,350
30$2,602,057$919,781$135,307$1,546,969
Total$42,000,000$14,250,610$2,184,000$25,565,391

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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.