USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 2014

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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 $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 prize money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Fri, Sep 5, 2014
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 6.64%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$147,597$32,981$316,120
2$521,532$156,289$34,630$330,613
3$547,609$165,570$36,361$345,677
4$574,989$175,701$38,179$361,109
5$603,739$186,338$40,088$377,312
6$633,926$197,508$42,093$394,326
7$665,622$209,235$44,197$412,190
8$698,903$221,549$46,407$430,947
9$733,848$234,479$48,728$450,642
10$770,541$248,055$51,164$471,322
11$809,068$262,310$53,722$493,036
12$849,521$277,278$56,408$515,835
13$891,997$292,994$59,229$539,775
14$936,597$309,496$62,190$564,911
15$983,427$326,823$65,300$591,304
16$1,032,598$345,016$68,565$619,017
17$1,084,228$364,119$71,993$648,116
18$1,138,439$384,178$75,592$678,669
19$1,195,361$405,239$79,372$710,751
20$1,255,129$427,353$83,341$744,436
21$1,317,886$450,573$87,508$779,806
22$1,383,780$474,954$91,883$816,944
23$1,452,969$500,554$96,477$855,938
24$1,525,618$527,434$101,301$896,883
25$1,601,899$555,657$106,366$939,875
26$1,681,994$585,293$111,684$985,017
27$1,766,093$616,409$117,269$1,032,415
28$1,854,398$649,082$123,132$1,082,184
29$1,947,118$683,389$129,289$1,134,441
30$2,044,474$719,410$135,753$1,189,310
Total$33,000,000$11,099,882$2,191,202$19,708,921

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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.