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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jan 12, 2021

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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 $625,000,000 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:Tue, Jan 12, 2021
Jackpot:$625,000,000
Federal Tax:37% marginal rate
State Tax: 6.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,407,147$3,444,717$643,449$5,318,981
2$9,877,504$3,618,749$675,621$5,583,134
3$10,371,379$3,801,483$709,402$5,860,494
4$10,889,949$3,993,353$744,872$6,151,723
5$11,434,446$4,194,817$782,116$6,457,512
6$12,006,168$4,406,354$821,222$6,778,592
7$12,606,477$4,628,469$862,283$7,115,725
8$13,236,801$4,861,688$905,397$7,469,715
9$13,898,641$5,106,569$950,667$7,841,404
10$14,593,573$5,363,694$998,200$8,231,678
11$15,323,251$5,633,675$1,048,110$8,641,466
12$16,089,414$5,917,155$1,100,516$9,071,743
13$16,893,884$6,214,809$1,155,542$9,523,533
14$17,738,579$6,527,346$1,213,319$9,997,914
15$18,625,508$6,855,510$1,273,985$10,496,013
16$19,556,783$7,200,082$1,337,684$11,019,017
17$20,534,622$7,561,882$1,404,568$11,568,171
18$21,561,353$7,941,773$1,474,797$12,144,784
19$22,639,421$8,340,658$1,548,536$12,750,226
20$23,771,392$8,759,487$1,625,963$13,385,941
21$24,959,961$9,199,258$1,707,261$14,053,442
22$26,207,959$9,661,017$1,792,624$14,754,318
23$27,518,358$10,145,865$1,882,256$15,490,237
24$28,894,275$10,654,954$1,976,368$16,262,953
25$30,338,989$11,189,498$2,075,187$17,074,304
26$31,855,939$11,750,770$2,178,946$17,926,223
27$33,448,736$12,340,104$2,287,894$18,820,738
28$35,121,172$12,958,906$2,402,288$19,759,978
29$36,877,231$13,608,648$2,522,403$20,746,180
30$38,721,093$14,290,876$2,648,523$21,781,693
Total$625,000,001$230,172,166$42,749,999$352,077,832

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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.