Nebraska Lottery

NELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 11, 2025 is estimated to be $80 Million, with a cash option of 35.8 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 Jul 11, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 11, 2025	$80,000,000	$35,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$35,800,000
Federal Tax(24%)	$8,592,000
Additional Federal Tax	$4,614,330
State Tax(5%)	$1,790,000
Net Lumpsum Payment	$20,803,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$60,204	$738,036
2	$1,264,320	-$428,129 -$63,216	$772,975
3	$1,327,520	-$451,513 -$66,376	$809,631
4	$1,393,920	-$476,081 -$69,696	$848,143
5	$1,463,600	-$501,862 -$73,180	$888,558
6	$1,536,800	-$528,946 -$76,840	$931,014
7	$1,613,600	-$557,362 -$80,680	$975,558
8	$1,694,320	-$587,229 -$84,716	$1,022,375
9	$1,779,040	-$618,575 -$88,952	$1,071,513
10	$1,868,000	-$651,490 -$93,400	$1,123,110
11	$1,961,360	-$686,034 -$98,068	$1,177,258
12	$2,059,440	-$722,323 -$102,972	$1,234,145
13	$2,162,400	-$760,418 -$108,120	$1,293,862
14	$2,270,560	-$800,438 -$113,528	$1,356,594
15	$2,384,080	-$842,440 -$119,204	$1,422,436
16	$2,503,280	-$886,544 -$125,164	$1,491,572
17	$2,628,400	-$932,838 -$131,420	$1,564,142
18	$2,759,840	-$981,471 -$137,992	$1,640,377
19	$2,897,840	-$1,032,531 -$144,892	$1,720,417
20	$3,042,720	-$1,086,137 -$152,136	$1,804,447
21	$3,194,880	-$1,142,436 -$159,744	$1,892,700
22	$3,354,640	-$1,201,547 -$167,732	$1,985,361
23	$3,522,320	-$1,263,589 -$176,116	$2,082,615
24	$3,698,480	-$1,328,768 -$184,924	$2,184,788
25	$3,883,360	-$1,397,174 -$194,168	$2,292,018
26	$4,077,600	-$1,469,042 -$203,880	$2,404,678
27	$4,281,440	-$1,544,463 -$214,072	$2,522,905
28	$4,495,520	-$1,623,673 -$224,776	$2,647,071
29	$4,720,320	-$1,706,849 -$236,016	$2,777,455
30	$4,956,320	-$1,794,169 -$247,816	$2,914,335