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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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The tax information provided here is based on 2024 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 $321,000,000 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, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$282,160$2,803,504
2$5,073,086$1,835,230$296,268$2,941,588
3$5,326,740$1,929,082$311,082$3,086,577
4$5,593,078$2,027,626$326,636$3,238,815
5$5,872,731$2,131,098$342,968$3,398,665
6$6,166,368$2,239,744$360,116$3,566,508
7$6,474,687$2,353,822$378,122$3,742,743
8$6,798,421$2,473,603$397,028$3,927,790
9$7,138,342$2,599,374$416,879$4,122,088
10$7,495,259$2,731,434$437,723$4,326,102
11$7,870,022$2,870,096$459,609$4,540,317
12$8,263,523$3,015,691$482,590$4,765,242
13$8,676,699$3,168,566$506,719$5,001,413
14$9,110,534$3,329,085$532,055$5,249,394
15$9,566,061$3,497,630$558,658$5,509,773
16$10,044,364$3,674,602$586,591$5,783,171
17$10,546,582$3,860,423$615,920$6,070,238
18$11,073,911$4,055,535$646,716$6,371,660
19$11,627,606$4,260,402$679,052$6,688,152
20$12,208,987$4,475,513$713,005$7,020,469
21$12,819,436$4,701,379$748,655$7,369,402
22$13,460,408$4,938,539$786,088$7,735,781
23$14,133,428$5,187,556$825,392$8,120,480
24$14,840,100$5,449,025$866,662$8,524,413
25$15,582,105$5,723,566$909,995$8,948,543
26$16,361,210$6,011,836$955,495$9,393,880
27$17,179,271$6,314,518$1,003,269$9,861,483
28$18,038,234$6,632,334$1,053,433$10,352,467
29$18,940,146$6,966,042$1,106,105$10,868,000
30$19,887,153$7,316,434$1,161,410$11,409,309
Total$321,000,001$117,515,632$18,746,401$184,737,967

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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.