USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Oct 25, 2022

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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 $45,000,000 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:Tue, Oct 25, 2022
Jackpot:$45,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$677,315$208,794$39,555$428,965
2$711,180$221,324$41,533$448,323
3$746,739$234,481$43,610$468,648
4$784,076$248,296$45,790$489,990
5$823,280$262,801$48,080$512,399
6$864,444$278,032$50,484$535,929
7$907,666$294,024$53,008$560,634
8$953,050$310,816$55,658$586,575
9$1,000,702$328,448$58,441$613,814
10$1,050,737$346,961$61,363$642,414
11$1,103,274$366,399$64,431$672,444
12$1,158,438$386,810$67,653$703,975
13$1,216,360$408,241$71,035$737,083
14$1,277,178$430,743$74,587$771,847
15$1,341,037$454,371$78,317$808,349
16$1,408,088$479,180$82,232$846,676
17$1,478,493$505,230$86,344$886,919
18$1,552,417$532,582$90,661$929,174
19$1,630,038$561,302$95,194$973,542
20$1,711,540$591,458$99,954$1,020,129
21$1,797,117$623,121$104,952$1,069,044
22$1,886,973$656,368$110,199$1,120,406
23$1,981,322$691,277$115,709$1,174,336
24$2,080,388$727,931$121,495$1,230,962
25$2,184,407$766,418$127,569$1,290,419
26$2,293,628$806,830$133,948$1,352,850
27$2,408,309$849,262$140,645$1,418,402
28$2,528,724$893,816$147,678$1,487,231
29$2,655,161$940,597$155,061$1,559,502
30$2,787,919$989,718$162,814$1,635,387
Total$45,000,000$15,395,631$2,628,000$26,976,368

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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.