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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jun 23, 2023

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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 $320,000,000 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, Jun 23, 2023
Jackpot:$320,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,816,459$1,740,278$281,281$2,794,900
2$5,057,282$1,829,382$295,345$2,932,555
3$5,310,146$1,922,942$310,113$3,077,092
4$5,575,654$2,021,180$325,618$3,228,856
5$5,854,436$2,124,329$341,899$3,388,208
6$6,147,158$2,232,636$358,994$3,555,528
7$6,454,516$2,346,359$376,944$3,731,214
8$6,777,242$2,465,767$395,791$3,915,684
9$7,116,104$2,591,146$415,580$4,109,377
10$7,471,909$2,722,794$436,359$4,312,756
11$7,845,505$2,861,024$458,177$4,526,303
12$8,237,780$3,006,166$481,086$4,750,527
13$8,649,669$3,158,565$505,141$4,985,963
14$9,082,152$3,318,584$530,398$5,233,171
15$9,536,260$3,486,604$556,918$5,492,738
16$10,013,073$3,663,025$584,763$5,765,285
17$10,513,726$3,848,267$614,002$6,051,458
18$11,039,413$4,042,770$644,702$6,351,941
19$11,591,383$4,247,000$676,937$6,667,447
20$12,170,953$4,461,440$710,784$6,998,729
21$12,779,500$4,686,603$746,323$7,346,575
22$13,418,475$4,923,024$783,639$7,711,813
23$14,089,399$5,171,265$822,821$8,095,313
24$14,793,869$5,431,919$863,962$8,497,988
25$15,533,562$5,705,606$907,160$8,920,796
26$16,310,241$5,992,977$952,518$9,364,746
27$17,125,753$6,294,716$1,000,144$9,830,892
28$17,982,040$6,611,543$1,050,151$10,320,346
29$18,881,142$6,944,210$1,102,659$10,834,273
30$19,825,199$7,293,512$1,157,792$11,373,896
Total$320,000,001$117,145,633$18,688,001$184,166,370

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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.