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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jan 1, 2021

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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 $401,000,000 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, Jan 1, 2021
Jackpot:$401,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,035,625$2,191,369$352,481$3,491,776
2$6,337,407$2,303,028$370,105$3,664,274
3$6,654,277$2,420,270$388,610$3,845,397
4$6,986,991$2,543,374$408,040$4,035,576
5$7,336,340$2,672,634$428,442$4,235,264
6$7,703,157$2,808,356$449,864$4,444,937
7$8,088,316$2,950,865$472,358$4,665,093
8$8,492,731$3,100,498$495,976$4,896,257
9$8,917,368$3,257,614$520,774$5,138,980
10$9,363,236$3,422,585$546,813$5,393,838
11$9,831,398$3,595,805$574,154$5,661,439
12$10,322,968$3,777,686$602,861$5,942,421
13$10,839,116$3,968,661$633,004$6,237,451
14$11,381,072$4,169,184$664,655$6,547,233
15$11,950,126$4,379,734$697,887$6,872,504
16$12,547,632$4,600,812$732,782$7,214,039
17$13,175,013$4,832,943$769,421$7,572,650
18$13,833,764$5,076,680$807,892$7,949,192
19$14,525,452$5,332,605$848,286$8,344,561
20$15,251,725$5,601,326$890,701$8,759,698
21$16,014,311$5,883,483$935,236$9,195,592
22$16,815,027$6,179,748$981,998$9,653,282
23$17,655,778$6,490,826$1,031,097$10,133,855
24$18,538,567$6,817,457$1,082,652$10,638,457
25$19,465,495$7,160,421$1,136,785$11,168,289
26$20,438,770$7,520,533$1,193,624$11,724,613
27$21,460,709$7,898,650$1,253,305$12,308,753
28$22,533,744$8,295,673$1,315,971$12,922,100
29$23,660,431$8,712,547$1,381,769$13,566,115
30$24,843,453$9,150,265$1,450,858$14,242,330
Total$401,000,001$147,115,632$23,418,401$230,465,966

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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.