The jackpot for the MEGA Millions draw on Tue Jul 21, 2026, is projected to be $707 Million, with an option for a cash payout of $307.7 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Nebraska residents, the state will deduct 5% from your lottery earnings.
| Nebraska MEGA Millions Jackpot/Cash Option for Tue Jul 21, 2026 |
|---|
| Draw Date | Tue Jul 21, 2026 | | Projected Jackpot | $707,000,000 | | Cash Value | $307,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $307,700,000 | | Federal Tax(24%) | $73,848,000 | | Additional Federal Tax | $39,961,330 | | State Tax(5%) | $15,385,000 | | Net Lumpsum Payment | $178,505,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,641,057 |
$3,897,521
$532,053 |
$6,211,483 |
| 2 |
$11,173,428 |
$4,094,499
$558,671 |
$6,520,258 |
| 3 |
$11,731,958 |
$4,301,155
$586,598 |
$6,844,205 |
| 4 |
$12,318,768 |
$4,518,275
$615,938 |
$7,184,555 |
| 5 |
$12,934,565 |
$4,746,119
$646,728 |
$7,541,718 |
| 6 |
$13,581,470 |
$4,985,474
$679,074 |
$7,916,922 |
| 7 |
$14,260,190 |
$5,236,601
$713,010 |
$8,310,579 |
| 8 |
$14,973,553 |
$5,500,545
$748,678 |
$8,724,330 |
| 9 |
$15,722,266 |
$5,777,569
$786,113 |
$9,158,584 |
| 10 |
$16,508,450 |
$6,068,457
$825,423 |
$9,614,570 |
| 11 |
$17,333,519 |
$6,373,732
$866,676 |
$10,093,111 |
| 12 |
$18,200,301 |
$6,694,442
$910,015 |
$10,595,844 |
| 13 |
$19,110,210 |
$7,031,108
$955,511 |
$11,123,591 |
| 14 |
$20,066,074 |
$7,384,778
$1,003,304 |
$11,677,992 |
| 15 |
$21,069,307 |
$7,755,974
$1,053,465 |
$12,259,868 |
| 16 |
$22,122,737 |
$8,145,743
$1,106,137 |
$12,870,857 |
| 17 |
$23,228,485 |
$8,554,870
$1,161,424 |
$13,512,191 |
| 18 |
$24,390,086 |
$8,984,662
$1,219,504 |
$14,185,920 |
| 19 |
$25,609,661 |
$9,435,905
$1,280,483 |
$14,893,273 |
| 20 |
$26,890,038 |
$9,909,644
$1,344,502 |
$15,635,892 |
| 21 |
$28,234,752 |
$10,407,189
$1,411,738 |
$16,415,825 |
| 22 |
$29,646,631 |
$10,929,584
$1,482,332 |
$17,234,715 |
| 23 |
$31,128,503 |
$11,477,876
$1,556,425 |
$18,094,202 |
| 24 |
$32,685,317 |
$12,053,898
$1,634,266 |
$18,997,153 |
| 25 |
$34,319,194 |
$12,658,432
$1,715,960 |
$19,944,802 |
| 26 |
$36,035,790 |
$13,293,573
$1,801,790 |
$20,940,427 |
| 27 |
$37,837,226 |
$13,960,104
$1,891,861 |
$21,985,261 |
| 28 |
$39,729,158 |
$14,660,119
$1,986,458 |
$23,082,581 |
| 29 |
$41,715,828 |
$15,395,187
$2,085,791 |
$24,234,850 |
| 30 |
$43,801,478 |
$16,166,877
$2,190,074 |
$25,444,527 |
|
|
