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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jul 21, 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 $720,000,000 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 21, 2023
Jackpot:$720,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,837,033$3,967,890$632,883$6,236,260
2$11,378,885$4,168,375$664,527$6,545,983
3$11,947,829$4,378,884$697,753$6,871,191
4$12,545,221$4,599,920$732,641$7,212,661
5$13,172,481$4,832,006$769,273$7,571,203
6$13,831,106$5,075,697$807,737$7,947,672
7$14,522,661$5,331,572$848,123$8,342,965
8$15,248,794$5,600,242$890,530$8,758,023
9$16,011,234$5,882,344$935,056$9,193,834
10$16,811,796$6,178,552$981,809$9,651,435
11$17,652,385$6,489,570$1,030,899$10,131,916
12$18,535,005$6,816,139$1,082,444$10,636,421
13$19,461,755$7,159,037$1,136,566$11,166,151
14$20,434,843$7,519,080$1,193,395$11,722,368
15$21,456,585$7,897,124$1,253,065$12,306,396
16$22,529,414$8,294,071$1,315,718$12,919,625
17$23,655,884$8,710,865$1,381,504$13,563,516
18$24,838,679$9,148,499$1,450,579$14,239,601
19$26,080,613$9,608,014$1,523,108$14,949,490
20$27,384,643$10,090,506$1,599,263$15,694,874
21$28,753,875$10,597,122$1,679,226$16,477,527
22$30,191,569$11,129,068$1,763,188$17,299,313
23$31,701,148$11,687,612$1,851,347$18,162,188
24$33,286,205$12,274,084$1,943,914$19,068,207
25$34,950,515$12,889,878$2,041,110$20,019,527
26$36,698,041$13,536,463$2,143,166$21,018,413
27$38,532,943$14,215,377$2,250,324$22,067,243
28$40,459,590$14,928,236$2,362,840$23,168,514
29$42,482,570$15,676,739$2,480,982$24,324,849
30$44,606,699$16,462,666$2,605,031$25,539,001
Total$720,000,001$265,145,632$42,048,001$412,806,367

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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.