Nebraska Lottery

NELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Nebraska, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Nebraska MEGA Millions Jackpot/Cash Option for Tue Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(5%)	$6,305,000
Net Lumpsum Payment	$73,177,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$210,714	$2,483,952
2	$4,425,120	-$1,597,625 -$221,256	$2,606,239
3	$4,646,320	-$1,679,469 -$232,316	$2,734,535
4	$4,878,720	-$1,765,457 -$243,936	$2,869,327
5	$5,122,600	-$1,855,692 -$256,130	$3,010,778
6	$5,378,800	-$1,950,486 -$268,940	$3,159,374
7	$5,647,600	-$2,049,942 -$282,380	$3,315,278
8	$5,930,120	-$2,154,475 -$296,506	$3,479,139
9	$6,226,640	-$2,264,187 -$311,332	$3,651,121
10	$6,538,000	-$2,379,390 -$326,900	$3,831,710
11	$6,864,760	-$2,500,292 -$343,238	$4,021,230
12	$7,208,040	-$2,627,305 -$360,402	$4,220,333
13	$7,568,400	-$2,760,638 -$378,420	$4,429,342
14	$7,946,960	-$2,900,706 -$397,348	$4,648,906
15	$8,344,280	-$3,047,714 -$417,214	$4,879,352
16	$8,761,480	-$3,202,078 -$438,074	$5,121,328
17	$9,199,400	-$3,364,108 -$459,970	$5,375,322
18	$9,659,440	-$3,534,323 -$482,972	$5,642,145
19	$10,142,440	-$3,713,033 -$507,122	$5,922,285
20	$10,649,520	-$3,900,653 -$532,476	$6,216,391
21	$11,182,080	-$4,097,700 -$559,104	$6,525,276
22	$11,741,240	-$4,304,589 -$587,062	$6,849,589
23	$12,328,120	-$4,521,735 -$616,406	$7,189,979
24	$12,944,680	-$4,749,862 -$647,234	$7,547,584
25	$13,591,760	-$4,989,282 -$679,588	$7,922,890
26	$14,271,600	-$5,240,822 -$713,580	$8,317,198
27	$14,985,040	-$5,504,795 -$749,252	$8,730,993
28	$15,734,320	-$5,782,029 -$786,716	$9,165,575
29	$16,521,120	-$6,073,145 -$826,056	$9,621,919
30	$17,347,120	-$6,378,765 -$867,356	$10,100,999