Jackpot Analysis Nebraska Mega Millions

Jackpot Analysis for Nebraska Mega Millions
The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 Apr 29, 2025
Draw DateTue Apr 29, 2025
Projected Jackpot$70,000,000
Cash Value$31,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$31,800,000
Federal Tax(24%)$7,632,000
Additional Federal Tax$4,094,330
State Tax(5%)$1,590,000
Net Lumpsum Payment$18,483,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,053,570 $350,151
$52,679
$650,740
2 $1,106,280 $369,654
$55,314
$681,312
3 $1,161,580 $390,115
$58,079
$713,386
4 $1,219,680 $411,612
$60,984
$747,084
5 $1,280,650 $434,171
$64,033
$782,446
6 $1,344,700 $457,869
$67,235
$819,596
7 $1,411,900 $482,733
$70,595
$858,572
8 $1,482,530 $508,866
$74,127
$899,537
9 $1,556,660 $536,295
$77,833
$942,532
10 $1,634,500 $565,095
$81,725
$987,680
11 $1,716,190 $595,321
$85,810
$1,035,059
12 $1,802,010 $627,074
$90,101
$1,084,835
13 $1,892,100 $660,407
$94,605
$1,137,088
14 $1,986,740 $695,424
$99,337
$1,191,979
15 $2,086,070 $732,176
$104,304
$1,249,590
16 $2,190,370 $770,767
$109,519
$1,310,084
17 $2,299,850 $811,275
$114,993
$1,373,582
18 $2,414,860 $853,829
$120,743
$1,440,288
19 $2,535,610 $898,506
$126,781
$1,510,323
20 $2,662,380 $945,411
$133,119
$1,583,850
21 $2,795,520 $994,673
$139,776
$1,661,071
22 $2,935,310 $1,046,395
$146,766
$1,742,149
23 $3,082,030 $1,100,681
$154,102
$1,827,247
24 $3,236,170 $1,157,713
$161,809
$1,916,648
25 $3,397,940 $1,217,568
$169,897
$2,010,475
26 $3,567,900 $1,280,453
$178,395
$2,109,052
27 $3,746,260 $1,346,447
$187,313
$2,212,500
28 $3,933,580 $1,415,755
$196,679
$2,321,146
29 $4,130,280 $1,488,534
$206,514
$2,435,232
30 $4,336,780 $1,564,939
$216,839
$2,555,002