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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jul 22, 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 $660,000,000 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, Jul 22, 2022
Jackpot:$660,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,933,947$3,633,748$580,143$5,720,056
2$10,430,645$3,817,526$609,150$6,003,969
3$10,952,177$4,010,493$639,607$6,302,076
4$11,499,786$4,213,109$671,587$6,615,090
5$12,074,775$4,425,854$705,167$6,943,753
6$12,678,514$4,649,238$740,425$7,288,851
7$13,312,440$4,883,790$777,446$7,651,203
8$13,978,061$5,130,070$816,319$8,031,672
9$14,676,965$5,388,665$857,135$8,431,165
10$15,410,813$5,660,188$899,991$8,850,633
11$16,181,353$5,945,288$944,991$9,291,074
12$16,990,421$6,244,643$992,241$9,753,537
13$17,839,942$6,558,966$1,041,853$10,239,123
14$18,731,939$6,889,005$1,093,945$10,748,989
15$19,668,536$7,235,546$1,148,642$11,284,347
16$20,651,963$7,599,414$1,206,075$11,846,474
17$21,684,561$7,981,475$1,266,378$12,436,707
18$22,768,789$8,382,640$1,329,697$13,056,452
19$23,907,228$8,803,862$1,396,182$13,707,184
20$25,102,590$9,246,146$1,465,991$14,390,453
21$26,357,719$9,710,544$1,539,291$15,107,884
22$27,675,605$10,198,162$1,616,255$15,861,188
23$29,059,386$10,710,160$1,697,068$16,652,157
24$30,512,354$11,247,759$1,781,921$17,482,674
25$32,037,972$11,812,237$1,871,018$18,354,717
26$33,639,871$12,404,940$1,964,568$19,270,363
27$35,321,865$13,027,278$2,062,797$20,231,790
28$37,087,958$13,680,732$2,165,937$21,241,289
29$38,942,356$14,366,859$2,274,234$22,301,263
30$40,889,474$15,087,293$2,387,945$23,414,235
Total$660,000,001$242,945,630$38,543,999$378,510,368

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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.