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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Feb 28, 2014

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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 $216,000,000 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, Feb 28, 2014
Jackpot:$216,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,251,110$1,158,868$147,926$1,944,317
2$3,413,666$1,219,013$155,322$2,039,330
3$3,584,349$1,282,166$163,088$2,139,095
4$3,763,566$1,348,477$171,242$2,243,847
5$3,951,744$1,418,103$179,804$2,353,837
6$4,149,332$1,491,210$188,795$2,469,327
7$4,356,798$1,567,973$198,234$2,590,591
8$4,574,638$1,648,573$208,146$2,717,919
9$4,803,370$1,733,204$218,553$2,851,613
10$5,043,539$1,822,067$229,481$2,991,991
11$5,295,716$1,915,372$240,955$3,139,389
12$5,560,501$2,013,343$253,003$3,294,156
13$5,838,526$2,116,212$265,653$3,456,661
14$6,130,453$2,224,225$278,936$3,627,292
15$6,436,975$2,337,638$292,882$3,806,455
16$6,758,824$2,456,722$307,527$3,994,576
17$7,096,765$2,581,760$322,903$4,192,102
18$7,451,604$2,713,051$339,048$4,399,505
19$7,824,184$2,850,905$356,000$4,617,278
20$8,215,393$2,995,653$373,800$4,845,940
21$8,626,163$3,147,637$392,490$5,086,035
22$9,057,471$3,307,221$412,115$5,338,134
23$9,510,344$3,474,785$432,721$5,602,839
24$9,985,861$3,650,726$454,357$5,880,779
25$10,485,155$3,835,464$477,075$6,172,616
26$11,009,412$4,029,440$500,928$6,479,044
27$11,559,883$4,233,114$525,975$6,800,794
28$12,137,877$4,446,972$552,273$7,138,632
29$12,744,771$4,671,522$579,887$7,493,361
30$13,382,010$4,907,301$608,881$7,865,827
Total$216,000,000$78,598,717$9,828,000$127,573,282

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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.