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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Sep 8, 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 $122,000,000 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, Sep 8, 2023
Jackpot:$122,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,836,275$637,610$107,238$1,091,427
2$1,928,089$671,581$112,600$1,143,908
3$2,024,493$707,250$118,230$1,199,013
4$2,125,718$744,703$124,142$1,256,873
5$2,232,004$784,029$130,349$1,317,626
6$2,343,604$825,321$136,866$1,381,416
7$2,460,784$868,678$143,710$1,448,397
8$2,583,823$914,202$150,895$1,518,726
9$2,713,015$962,003$158,440$1,592,571
10$2,848,665$1,012,194$166,362$1,670,109
11$2,991,099$1,064,894$174,680$1,751,524
12$3,140,654$1,120,230$183,414$1,837,010
13$3,297,686$1,178,332$192,585$1,926,770
14$3,462,571$1,239,339$202,214$2,021,018
15$3,635,699$1,303,396$212,325$2,119,978
16$3,817,484$1,370,657$222,941$2,223,886
17$4,008,358$1,441,280$234,088$2,332,990
18$4,208,776$1,515,435$245,793$2,447,549
19$4,419,215$1,593,297$258,082$2,567,835
20$4,640,176$1,675,053$270,986$2,694,137
21$4,872,184$1,760,896$284,536$2,826,753
22$5,115,794$1,851,031$298,762$2,966,000
23$5,371,583$1,945,674$313,700$3,112,209
24$5,640,162$2,045,048$329,385$3,265,729
25$5,922,171$2,149,391$345,855$3,426,925
26$6,218,279$2,258,951$363,148$3,596,181
27$6,529,193$2,373,989$381,305$3,773,899
28$6,855,653$2,494,779$400,370$3,960,503
29$7,198,435$2,621,609$420,389$4,156,438
30$7,558,357$2,754,780$441,408$4,362,169
Total$122,000,000$43,885,632$7,124,798$70,989,569

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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.