USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Aug 6, 2013

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The tax information provided here is based on 2022 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 $20,000,000 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 prize money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Tue, Aug 6, 2013
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 6.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,113$20,590$201,325
2$316,080$84,381$21,620$210,079
3$331,884$89,912$22,701$219,271
4$348,478$95,720$23,836$228,922
5$365,902$101,819$25,028$239,056
6$384,197$108,222$26,279$249,696
7$403,407$114,946$27,593$260,869
8$423,578$122,005$28,973$272,600
9$444,757$129,418$30,421$284,917
10$466,994$137,201$31,942$297,851
11$490,344$145,373$33,540$311,431
12$514,861$153,954$35,217$325,690
13$540,604$162,979$36,977$340,648
14$567,635$172,980$38,826$355,829
15$596,016$183,481$40,768$371,768
16$625,817$194,507$42,806$388,504
17$657,108$206,085$44,946$406,077
18$689,963$218,241$47,193$424,528
19$724,461$231,006$49,553$443,903
20$760,685$244,408$52,031$464,245
21$798,719$258,481$54,632$485,605
22$838,655$273,257$57,364$508,033
23$880,587$288,772$60,232$531,583
24$924,617$305,063$63,244$556,310
25$970,848$322,169$66,406$582,273
26$1,019,390$340,129$69,726$609,534
27$1,070,360$358,988$73,213$638,159
28$1,123,878$378,790$76,873$668,215
29$1,180,071$399,581$80,717$699,773
30$1,239,075$421,413$84,753$732,909
Total$20,000,000$6,322,394$1,368,000$12,309,603

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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.