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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

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The tax information provided here is based on 2021 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 $188,000,000 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, Nov 20, 2020
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 6.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,011,050$193,549$1,625,070
2$2,971,153$1,063,399$203,227$1,704,527
3$3,119,711$1,118,365$213,388$1,787,957
4$3,275,697$1,176,080$224,058$1,875,559
5$3,439,481$1,236,680$235,261$1,967,540
6$3,611,455$1,300,311$247,024$2,064,121
7$3,792,028$1,367,123$259,375$2,165,531
8$3,981,630$1,437,275$272,343$2,272,011
9$4,180,711$1,510,935$285,961$2,383,815
10$4,389,747$1,588,278$300,259$2,501,209
11$4,609,234$1,669,489$315,272$2,624,474
12$4,839,696$1,754,760$331,035$2,753,901
13$5,081,680$1,844,294$347,587$2,889,799
14$5,335,764$1,938,305$364,966$3,032,493
15$5,602,553$2,037,017$383,215$3,182,321
16$5,882,680$2,140,664$402,375$3,339,641
17$6,176,814$2,249,494$422,494$3,504,827
18$6,485,655$2,363,765$443,619$3,678,272
19$6,809,938$2,483,749$465,800$3,860,389
20$7,150,435$2,609,733$489,090$4,051,612
21$7,507,956$2,742,016$513,544$4,252,396
22$7,883,354$2,880,913$539,221$4,463,219
23$8,277,522$3,026,755$566,183$4,684,584
24$8,691,398$3,179,889$594,492$4,917,017
25$9,125,968$3,340,680$624,216$5,161,071
26$9,582,266$3,509,511$655,427$5,417,329
27$10,061,380$3,686,783$688,198$5,686,399
28$10,564,449$3,872,918$722,608$5,968,922
29$11,092,671$4,068,361$758,739$6,265,572
30$11,647,305$4,273,575$796,676$6,577,054
Total$188,000,000$68,482,167$12,859,202$106,658,632

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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.