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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 2022

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The tax information provided here is based on 2022 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 $1,337,000,000 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 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 6.64%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$1,336,218$11,378,801
2$21,129,957$7,781,039$1,403,029$11,945,889
3$22,186,455$8,171,943$1,473,181$12,541,331
4$23,295,778$8,582,393$1,546,840$13,166,546
5$24,460,566$9,013,364$1,624,182$13,823,020
6$25,683,595$9,465,885$1,705,391$14,512,319
7$26,967,775$9,941,032$1,790,660$15,236,083
8$28,316,164$10,439,936$1,880,193$15,996,035
9$29,731,972$10,963,785$1,974,203$16,793,984
10$31,218,570$11,513,826$2,072,913$17,631,831
11$32,779,499$12,091,370$2,176,559$18,511,571
12$34,418,474$12,697,790$2,285,387$19,435,297
13$36,139,397$13,334,532$2,399,656$20,405,209
14$37,946,368$14,003,111$2,519,639$21,423,618
15$39,843,686$14,705,119$2,645,621$22,492,946
16$41,835,870$15,442,227$2,777,902$23,615,742
17$43,927,663$16,216,190$2,916,797$24,794,676
18$46,124,047$17,028,852$3,062,637$26,032,558
19$48,430,249$17,882,147$3,215,769$27,332,333
20$50,851,761$18,778,107$3,376,557$28,697,098
21$53,394,349$19,718,864$3,545,385$30,130,100
22$56,064,067$20,706,660$3,722,654$31,634,753
23$58,867,270$21,743,845$3,908,787$33,214,639
24$61,810,633$22,832,889$4,104,226$34,873,518
25$64,901,165$23,976,386$4,309,437$36,615,341
26$68,146,224$25,177,058$4,524,909$38,444,257
27$71,553,535$26,437,763$4,751,155$40,364,617
28$75,131,211$27,761,503$4,988,712$42,380,995
29$78,887,772$29,151,431$5,238,148$44,498,193
30$82,832,161$30,610,855$5,500,055$46,721,251
Total$1,337,000,003$493,578,651$88,776,802$754,644,551

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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.