USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Jul 4, 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 $400,000,000 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, Jul 4, 2023
Jackpot:$400,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,020,574$2,185,800$351,602$3,483,172
2$6,321,603$2,297,181$369,182$3,655,240
3$6,637,683$2,414,130$387,641$3,835,912
4$6,969,567$2,536,928$407,023$4,025,617
5$7,318,045$2,665,864$427,374$4,224,807
6$7,683,948$2,801,248$448,743$4,433,957
7$8,068,145$2,943,401$471,180$4,653,564
8$8,471,552$3,092,662$494,739$4,884,152
9$8,895,130$3,249,386$519,476$5,126,269
10$9,339,886$3,413,946$545,449$5,380,491
11$9,806,881$3,586,734$572,722$5,647,425
12$10,297,225$3,768,161$601,358$5,927,706
13$10,812,086$3,958,660$631,426$6,222,001
14$11,352,690$4,158,683$662,997$6,531,010
15$11,920,325$4,368,708$696,147$6,855,470
16$12,516,341$4,589,234$730,954$7,196,153
17$13,142,158$4,820,786$767,502$7,553,870
18$13,799,266$5,063,916$805,877$7,929,473
19$14,489,229$5,319,203$846,171$8,323,856
20$15,213,691$5,587,253$888,480$8,737,958
21$15,974,375$5,868,707$932,904$9,172,765
22$16,773,094$6,164,233$979,549$9,629,313
23$17,611,749$6,474,535$1,028,526$10,108,688
24$18,492,336$6,800,352$1,079,952$10,612,032
25$19,416,953$7,142,460$1,133,950$11,140,542
26$20,387,801$7,501,674$1,190,648$11,695,479
27$21,407,191$7,878,848$1,250,180$12,278,163
28$22,477,550$8,274,881$1,312,689$12,889,980
29$23,601,428$8,690,716$1,378,323$13,532,388
30$24,781,499$9,127,342$1,447,240$14,206,917
Total$400,000,001$146,745,632$23,360,004$229,894,370

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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.