Nebraska Lottery

NELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 9, 2026 is estimated to be $199 Million, with a cash option of 90.5 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Nebraska MEGA Millions Jackpot/Cash Option for Fri Jan 9, 2026

Draw Date	Jackpot	Cash Option
Fri Jan 9, 2026	$199,000,000	$90,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$90,500,000
Federal Tax(24%)	$21,720,000
Additional Federal Tax	$11,725,330
State Tax(5%)	$4,525,000
Net Lumpsum Payment	$52,529,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,995,149	-$1,068,536 -$149,757	$1,776,856
2	$3,144,996	-$1,123,979 -$157,250	$1,863,767
3	$3,302,206	-$1,182,147 -$165,110	$1,954,949
4	$3,467,376	-$1,243,260 -$173,369	$2,050,747
5	$3,640,705	-$1,307,391 -$182,035	$2,151,279
6	$3,822,790	-$1,374,763 -$191,140	$2,256,887
7	$4,013,830	-$1,445,447 -$200,692	$2,367,691
8	$4,214,621	-$1,519,740 -$210,731	$2,484,150
9	$4,425,362	-$1,597,714 -$221,268	$2,606,380
10	$4,646,650	-$1,679,591 -$232,333	$2,734,726
11	$4,878,883	-$1,765,517 -$243,944	$2,869,422
12	$5,122,857	-$1,855,787 -$256,143	$3,010,927
13	$5,378,970	-$1,950,549 -$268,949	$3,159,472
14	$5,648,018	-$2,050,097 -$282,401	$3,315,520
15	$5,930,399	-$2,154,578 -$296,520	$3,479,301
16	$6,226,909	-$2,264,287 -$311,345	$3,651,277
17	$6,538,145	-$2,379,444 -$326,907	$3,831,794
18	$6,865,102	-$2,500,418 -$343,255	$4,021,429
19	$7,208,377	-$2,627,430 -$360,419	$4,220,528
20	$7,568,766	-$2,760,774 -$378,438	$4,429,554
21	$7,947,264	-$2,900,818 -$397,363	$4,649,083
22	$8,344,667	-$3,047,857 -$417,233	$4,879,577
23	$8,761,771	-$3,202,186 -$438,089	$5,121,496
24	$9,199,969	-$3,364,319 -$459,998	$5,375,652
25	$9,659,858	-$3,534,478 -$482,993	$5,642,387
26	$10,143,030	-$3,713,251 -$507,152	$5,922,627
27	$10,650,082	-$3,900,861 -$532,504	$6,216,717
28	$11,182,606	-$4,097,895 -$559,130	$6,525,581
29	$11,741,796	-$4,304,795 -$587,090	$6,849,911
30	$12,328,846	-$4,522,003 -$616,442	$7,190,401