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Nebraska Mega Millions Jackpot Annuity Payout Schedule for May 9, 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 $66,000,000 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, May 9, 2006
Jackpot:$66,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$993,395$323,513$45,199$624,682
2$1,043,064$341,891$47,459$653,714
3$1,095,218$361,188$49,832$684,197
4$1,149,979$381,449$52,324$716,205
5$1,207,477$402,724$54,940$749,813
6$1,267,851$425,062$57,687$785,102
7$1,331,244$448,518$60,572$822,155
8$1,397,806$473,146$63,600$861,060
9$1,467,696$499,005$66,780$901,911
10$1,541,081$526,157$70,119$944,805
11$1,618,135$554,667$73,625$989,843
12$1,699,042$584,603$77,306$1,037,133
13$1,783,994$616,035$81,172$1,086,787
14$1,873,194$649,039$85,230$1,138,925
15$1,966,854$683,693$89,492$1,193,669
16$2,065,196$720,080$93,966$1,251,150
17$2,168,456$758,286$98,665$1,311,505
18$2,276,879$798,402$103,598$1,374,878
19$2,390,723$840,525$108,778$1,441,420
20$2,510,259$884,753$114,217$1,511,289
21$2,635,772$931,193$119,928$1,584,651
22$2,767,561$979,955$125,924$1,661,682
23$2,905,939$1,031,155$132,220$1,742,564
24$3,051,235$1,084,914$138,831$1,827,490
25$3,203,797$1,141,362$145,773$1,916,662
26$3,363,987$1,200,632$153,061$2,010,293
27$3,532,186$1,262,866$160,714$2,108,606
28$3,708,796$1,328,212$168,750$2,211,834
29$3,894,236$1,396,824$177,188$2,320,223
30$4,088,947$1,468,868$186,047$2,434,032
Total$66,000,000$23,098,717$3,002,997$39,898,280

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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.