Nebraska Lottery

NELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(5%)	$10,550,000
Net Lumpsum Payment	$122,419,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$351,441	$4,116,383
2	$7,380,468	-$2,691,104 -$369,023	$4,320,341
3	$7,749,398	-$2,827,608 -$387,470	$4,534,320
4	$8,137,008	-$2,971,023 -$406,850	$4,759,135
5	$8,543,765	-$3,121,523 -$427,188	$4,995,054
6	$8,971,070	-$3,279,626 -$448,554	$5,242,890
7	$9,419,390	-$3,445,505 -$470,970	$5,502,915
8	$9,890,593	-$3,619,850 -$494,530	$5,776,213
9	$10,385,146	-$3,802,834 -$519,257	$6,063,055
10	$10,904,450	-$3,994,977 -$545,223	$6,364,250
11	$11,449,439	-$4,196,623 -$572,472	$6,680,344
12	$12,021,981	-$4,408,463 -$601,099	$7,012,419
13	$12,623,010	-$4,630,844 -$631,151	$7,361,015
14	$13,254,394	-$4,864,456 -$662,720	$7,727,218
15	$13,917,067	-$5,109,645 -$695,853	$8,111,569
16	$14,612,897	-$5,367,102 -$730,645	$8,515,150
17	$15,343,285	-$5,637,346 -$767,164	$8,938,775
18	$16,110,566	-$5,921,240 -$805,528	$9,383,798
19	$16,916,141	-$6,219,303 -$845,807	$9,851,031
20	$17,761,878	-$6,532,225 -$888,094	$10,341,559
21	$18,650,112	-$6,860,872 -$932,506	$10,856,734
22	$19,582,711	-$7,205,933 -$979,136	$11,397,642
23	$20,561,543	-$7,568,101 -$1,028,077	$11,965,365
24	$21,589,877	-$7,948,585 -$1,079,494	$12,561,798
25	$22,669,114	-$8,347,903 -$1,133,456	$13,187,755
26	$23,802,990	-$8,767,437 -$1,190,150	$13,845,403
27	$24,992,906	-$9,207,706 -$1,249,645	$14,535,555
28	$26,242,598	-$9,670,092 -$1,312,130	$15,260,376
29	$27,554,868	-$10,155,632 -$1,377,743	$16,021,493
30	$28,932,518	-$10,665,362 -$1,446,626	$16,820,530