USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jul 15, 2011

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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 $33,000,000 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, Jul 15, 2011
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$142,613$22,600$331,484
2$521,532$151,306$23,730$346,497
3$547,609$160,432$24,916$362,260
4$574,989$170,016$26,162$378,812
5$603,739$180,078$27,470$396,191
6$633,926$190,643$28,844$414,439
7$665,622$202,237$30,286$433,099
8$698,903$214,551$31,800$452,552
9$733,848$227,481$33,390$472,977
10$770,541$241,057$35,060$494,424
11$809,068$255,312$36,813$516,943
12$849,521$270,280$38,653$540,588
13$891,997$285,996$40,586$565,415
14$936,597$302,498$42,615$591,484
15$983,427$319,825$44,746$618,856
16$1,032,598$338,019$46,983$647,596
17$1,084,228$357,122$49,332$677,774
18$1,138,439$377,180$51,799$709,461
19$1,195,361$398,241$54,389$742,731
20$1,255,129$420,355$57,108$777,666
21$1,317,886$443,575$59,964$814,347
22$1,383,780$467,956$62,962$852,862
23$1,452,969$493,556$66,110$893,303
24$1,525,618$520,436$69,416$935,766
25$1,601,899$548,660$72,886$980,352
26$1,681,994$578,295$76,531$1,027,168
27$1,766,093$609,412$80,357$1,076,324
28$1,854,398$642,084$84,375$1,127,938
29$1,947,118$676,391$88,594$1,182,133
30$2,044,474$712,413$93,024$1,239,038
Total$33,000,000$10,898,020$1,501,501$20,600,480

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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.