The jackpot for the MEGA Millions draw on Tue Mar 4, 2025, is projected to be $215 Million, with an option for a cash payout of $100.9 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 Mar 4, 2025 |
|---|
| Draw Date | Tue Mar 4, 2025 | | Projected Jackpot | $215,000,000 | | Cash Value | $100,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,900,000 | | Federal Tax(24%) | $24,216,000 | | Additional Federal Tax | $13,077,330 | | State Tax(5%) | $5,045,000 | | Net Lumpsum Payment | $58,561,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$161,798 |
$1,916,530 |
| 2 |
$3,397,860 |
$1,217,539
$169,893 |
$2,010,428 |
| 3 |
$3,567,710 |
$1,280,383
$178,386 |
$2,108,941 |
| 4 |
$3,746,160 |
$1,346,410
$187,308 |
$2,212,442 |
| 5 |
$3,933,425 |
$1,415,698
$196,671 |
$2,321,056 |
| 6 |
$4,130,150 |
$1,488,486
$206,508 |
$2,435,156 |
| 7 |
$4,336,550 |
$1,564,854
$216,828 |
$2,554,868 |
| 8 |
$4,553,485 |
$1,645,120
$227,674 |
$2,680,691 |
| 9 |
$4,781,170 |
$1,729,363
$239,059 |
$2,812,748 |
| 10 |
$5,020,250 |
$1,817,823
$251,013 |
$2,951,414 |
| 11 |
$5,271,155 |
$1,910,658
$263,558 |
$3,096,939 |
| 12 |
$5,534,745 |
$2,008,186
$276,737 |
$3,249,822 |
| 13 |
$5,811,450 |
$2,110,567
$290,573 |
$3,410,310 |
| 14 |
$6,102,130 |
$2,218,118
$305,107 |
$3,578,905 |
| 15 |
$6,407,215 |
$2,331,000
$320,361 |
$3,755,854 |
| 16 |
$6,727,565 |
$2,449,529
$336,378 |
$3,941,658 |
| 17 |
$7,063,825 |
$2,573,946
$353,191 |
$4,136,688 |
| 18 |
$7,417,070 |
$2,704,646
$370,854 |
$4,341,570 |
| 19 |
$7,787,945 |
$2,841,870
$389,397 |
$4,556,678 |
| 20 |
$8,177,310 |
$2,985,935
$408,866 |
$4,782,509 |
| 21 |
$8,586,240 |
$3,137,239
$429,312 |
$5,019,689 |
| 22 |
$9,015,595 |
$3,296,101
$450,780 |
$5,268,714 |
| 23 |
$9,466,235 |
$3,462,837
$473,312 |
$5,530,086 |
| 24 |
$9,939,665 |
$3,638,006
$496,983 |
$5,804,676 |
| 25 |
$10,436,530 |
$3,821,846
$521,827 |
$6,092,857 |
| 26 |
$10,958,550 |
$4,014,994
$547,928 |
$6,395,628 |
| 27 |
$11,506,370 |
$4,217,687
$575,319 |
$6,713,364 |
| 28 |
$12,081,710 |
$4,430,563
$604,086 |
$7,047,061 |
| 29 |
$12,685,860 |
$4,654,099
$634,293 |
$7,397,468 |
| 30 |
$13,320,110 |
$4,888,771
$666,006 |
$7,765,333 |
|
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