USA Mega

Nebraska Mega Millions Jackpot Annuity Payout Schedule for Aug 22, 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 $33,000,000 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, Aug 22, 2023
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$144,219$29,007$323,471
2$521,532$152,911$30,457$338,164
3$547,609$162,038$31,980$353,591
4$574,989$171,621$33,579$369,789
5$603,739$181,683$35,258$386,797
6$633,926$192,740$37,021$404,164
7$665,622$204,468$38,872$422,282
8$698,903$216,782$40,816$441,305
9$733,848$229,712$42,857$461,280
10$770,541$243,288$45,000$482,253
11$809,068$257,543$47,250$504,275
12$849,521$272,511$49,612$527,398
13$891,997$288,227$52,093$551,678
14$936,597$304,729$54,697$577,171
15$983,427$322,056$57,432$603,939
16$1,032,598$340,249$60,304$632,045
17$1,084,228$359,352$63,319$661,557
18$1,138,439$379,410$66,485$692,544
19$1,195,361$400,471$69,809$725,081
20$1,255,129$422,586$73,300$759,244
21$1,317,886$445,806$76,965$795,116
22$1,383,780$470,186$80,813$832,781
23$1,452,969$495,786$84,853$872,329
24$1,525,618$522,666$89,096$913,855
25$1,601,899$550,890$93,551$957,457
26$1,681,994$580,525$98,228$1,003,240
27$1,766,093$611,642$103,140$1,051,311
28$1,854,398$644,315$108,297$1,101,786
29$1,947,118$678,621$113,712$1,154,785
30$2,044,474$714,643$119,397$1,210,433
Total$33,000,000$10,961,676$1,927,200$20,111,121

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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.