The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 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 Fri Nov 22, 2024 |
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Draw Date | Fri Nov 22, 2024 | Projected Jackpot | $453,000,000 | Cash Value | $209,600,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $209,600,000 | Federal Tax(24%) | $50,304,000 | Additional Federal Tax | $27,208,330 | State Tax(5%) | $10,480,000 | Net Lumpsum Payment | $121,607,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$6,818,103 |
$2,483,028 $340,905 |
$3,994,170 |
2 |
$7,159,212 |
$2,609,239 $357,961 |
$4,192,012 |
3 |
$7,517,082 |
$2,741,651 $375,854 |
$4,399,577 |
4 |
$7,893,072 |
$2,880,767 $394,654 |
$4,617,651 |
5 |
$8,287,635 |
$3,026,755 $414,382 |
$4,846,498 |
6 |
$8,702,130 |
$3,180,118 $435,107 |
$5,086,905 |
7 |
$9,137,010 |
$3,341,024 $456,851 |
$5,339,135 |
8 |
$9,594,087 |
$3,510,143 $479,704 |
$5,604,240 |
9 |
$10,073,814 |
$3,687,642 $503,691 |
$5,882,481 |
10 |
$10,577,550 |
$3,874,024 $528,878 |
$6,174,648 |
11 |
$11,106,201 |
$4,069,625 $555,310 |
$6,481,266 |
12 |
$11,661,579 |
$4,275,115 $583,079 |
$6,803,385 |
13 |
$12,244,590 |
$4,490,829 $612,230 |
$7,141,531 |
14 |
$12,857,046 |
$4,717,437 $642,852 |
$7,496,757 |
15 |
$13,499,853 |
$4,955,276 $674,993 |
$7,869,584 |
16 |
$14,174,823 |
$5,205,015 $708,741 |
$8,261,067 |
17 |
$14,883,315 |
$5,467,157 $744,166 |
$8,671,992 |
18 |
$15,627,594 |
$5,742,540 $781,380 |
$9,103,674 |
19 |
$16,409,019 |
$6,031,667 $820,451 |
$9,556,901 |
20 |
$17,229,402 |
$6,335,209 $861,470 |
$10,032,723 |
21 |
$18,091,008 |
$6,654,003 $904,550 |
$10,532,455 |
22 |
$18,995,649 |
$6,988,721 $949,782 |
$11,057,146 |
23 |
$19,945,137 |
$7,340,031 $997,257 |
$11,607,849 |
24 |
$20,942,643 |
$7,709,108 $1,047,132 |
$12,186,403 |
25 |
$21,989,526 |
$8,096,455 $1,099,476 |
$12,793,595 |
26 |
$23,089,410 |
$8,503,412 $1,154,471 |
$13,431,527 |
27 |
$24,243,654 |
$8,930,482 $1,212,183 |
$14,100,989 |
28 |
$25,455,882 |
$9,379,007 $1,272,794 |
$14,804,081 |
29 |
$26,728,812 |
$9,849,991 $1,336,441 |
$15,542,380 |
30 |
$28,065,162 |
$10,344,440 $1,403,258 |
$16,317,464 |
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