USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jul 23, 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 $140,000,000 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, Jul 23, 2021
Jackpot:$140,000,000
Federal Tax:37% marginal rate
State Tax: 6.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,107,201$743,737$144,133$1,219,332
2$2,212,561$782,720$151,339$1,278,502
3$2,323,189$823,652$158,906$1,340,631
4$2,439,349$866,631$166,851$1,405,866
5$2,561,316$911,759$175,194$1,474,363
6$2,689,382$959,143$183,954$1,546,284
7$2,823,851$1,008,897$193,151$1,621,802
8$2,965,043$1,061,138$202,809$1,701,096
9$3,113,296$1,115,992$212,949$1,784,355
10$3,268,960$1,173,588$223,597$1,871,776
11$3,432,408$1,234,063$234,777$1,963,568
12$3,604,029$1,297,563$246,516$2,059,950
13$3,784,230$1,364,237$258,841$2,161,151
14$3,973,442$1,434,246$271,783$2,267,413
15$4,172,114$1,507,754$285,373$2,378,987
16$4,380,719$1,584,938$299,641$2,496,140
17$4,599,755$1,665,982$314,623$2,619,150
18$4,829,743$1,751,077$330,354$2,748,311
19$5,071,230$1,840,427$346,872$2,883,931
20$5,324,792$1,934,245$364,216$3,026,331
21$5,591,031$2,032,754$382,427$3,175,851
22$5,870,583$2,136,188$401,548$3,332,847
23$6,164,112$2,244,794$421,625$3,497,693
24$6,472,318$2,358,830$442,707$3,670,781
25$6,795,933$2,478,568$464,842$3,852,524
26$7,135,730$2,604,292$488,084$4,043,354
27$7,492,517$2,736,303$512,488$4,243,725
28$7,867,143$2,874,915$538,113$4,454,115
29$8,260,500$3,020,457$565,018$4,675,024
30$8,673,525$3,173,276$593,269$4,906,979
Total$140,000,000$50,722,166$9,576,000$79,701,832

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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.