USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2006

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The tax information provided here is based on 2026 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 $15,000,000 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, Oct 3, 2006
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$48,703$10,273$166,796
2$237,060$52,315$10,786$173,959
3$248,913$56,108$11,326$181,479
4$261,359$60,245$11,892$189,222
5$274,427$64,819$12,486$197,122
6$288,148$69,621$13,111$205,416
7$302,555$74,664$13,766$214,126
8$317,683$79,958$14,455$223,270
9$333,567$85,518$15,177$232,872
10$350,246$91,355$15,936$242,954
11$367,758$97,485$16,733$253,540
12$386,146$103,920$17,570$264,656
13$405,453$110,678$18,448$276,327
14$425,726$117,773$19,371$288,582
15$447,012$125,224$20,339$301,450
16$469,363$133,046$21,356$314,961
17$492,831$141,260$22,424$329,147
18$517,472$149,885$23,545$344,043
19$543,346$158,940$24,722$359,683
20$570,513$168,449$25,958$376,106
21$599,039$178,433$27,256$393,350
22$628,991$188,916$28,619$411,456
23$660,441$200,320$30,050$430,070
24$693,463$212,538$31,553$449,372
25$728,136$225,367$33,130$469,638
26$764,543$238,838$34,787$490,918
27$802,770$252,982$36,526$513,262
28$842,908$267,833$38,352$536,723
29$885,054$283,427$40,270$561,357
30$929,306$299,801$42,283$587,222
Total$15,000,000$4,338,421$682,500$9,979,079

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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.