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Nebraska Mega Millions Jackpot Annuity Payout Schedule for Feb 27, 2024

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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 $563,000,000 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, Feb 27, 2024
Jackpot:$563,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,473,958$3,093,552$494,879$4,885,527
2$8,897,656$3,250,320$519,623$5,127,712
3$9,342,539$3,414,927$545,604$5,382,007
4$9,809,666$3,587,764$572,884$5,649,017
5$10,300,149$3,769,243$601,529$5,929,377
6$10,815,156$3,959,796$631,605$6,223,756
7$11,355,914$4,159,876$663,185$6,532,853
8$11,923,710$4,369,960$696,345$6,857,405
9$12,519,895$4,590,549$731,162$7,198,185
10$13,145,890$4,822,167$767,720$7,556,003
11$13,803,185$5,065,366$806,106$7,931,713
12$14,493,344$5,320,725$846,411$8,326,208
13$15,218,011$5,588,852$888,732$8,740,427
14$15,978,912$5,870,385$933,168$9,175,358
15$16,777,857$6,165,995$979,827$9,632,035
16$17,616,750$6,476,385$1,028,818$10,111,547
17$18,497,587$6,802,295$1,080,259$10,615,033
18$19,422,467$7,144,501$1,134,272$11,143,694
19$20,393,590$7,503,816$1,190,986$11,698,788
20$21,413,270$7,881,098$1,250,535$12,281,637
21$22,483,933$8,277,243$1,313,062$12,893,628
22$23,608,130$8,693,196$1,378,715$13,536,219
23$24,788,536$9,129,946$1,447,651$14,210,940
24$26,027,963$9,588,534$1,520,033$14,919,396
25$27,329,361$10,070,051$1,596,035$15,663,275
26$28,695,830$10,575,645$1,675,836$16,444,348
27$30,130,621$11,106,518$1,759,628$17,264,475
28$31,637,152$11,663,934$1,847,610$18,125,608
29$33,219,009$12,249,221$1,939,990$19,029,798
30$34,879,960$12,863,773$2,036,990$19,979,197
Total$563,000,001$207,055,633$32,879,200$323,065,166

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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.