Jackpot Analysis Nebraska Mega Millions

Jackpot Analysis for Nebraska Mega Millions
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
Draw DateFri Nov 22, 2024
Projected Jackpot$453,000,000
Cash Value$209,600,000

Lumpsum Option Taxes and Payment
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
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