Nebraska Lottery

NELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 Tue Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(5%)	$9,325,000
Net Lumpsum Payment	$108,209,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$333,380	$3,906,873
2	$7,001,172	-$2,550,764 -$350,059	$4,100,349
3	$7,351,142	-$2,680,253 -$367,557	$4,303,332
4	$7,718,832	-$2,816,298 -$385,942	$4,516,592
5	$8,104,685	-$2,959,064 -$405,234	$4,740,387
6	$8,510,030	-$3,109,041 -$425,502	$4,975,487
7	$8,935,310	-$3,266,395 -$446,766	$5,222,149
8	$9,382,297	-$3,431,780 -$469,115	$5,481,402
9	$9,851,434	-$3,605,361 -$492,572	$5,753,501
10	$10,344,050	-$3,787,629 -$517,203	$6,039,218
11	$10,861,031	-$3,978,912 -$543,052	$6,339,067
12	$11,404,149	-$4,179,866 -$570,207	$6,654,076
13	$11,974,290	-$4,390,818 -$598,715	$6,984,757
14	$12,573,226	-$4,612,424 -$628,661	$7,332,141
15	$13,201,843	-$4,845,012 -$660,092	$7,696,739
16	$13,861,913	-$5,089,238 -$693,096	$8,079,579
17	$14,554,765	-$5,345,593 -$727,738	$8,481,434
18	$15,282,614	-$5,614,898 -$764,131	$8,903,585
19	$16,046,789	-$5,897,642 -$802,339	$9,346,808
20	$16,849,062	-$6,194,483 -$842,453	$9,812,126
21	$17,691,648	-$6,506,240 -$884,582	$10,300,826
22	$18,576,319	-$6,833,568 -$928,816	$10,813,935
23	$19,504,847	-$7,177,124 -$975,242	$11,352,481
24	$20,480,333	-$7,538,054 -$1,024,017	$11,918,262
25	$21,504,106	-$7,916,850 -$1,075,205	$12,512,051
26	$22,579,710	-$8,314,823 -$1,128,986	$13,135,901
27	$23,708,474	-$8,732,466 -$1,185,424	$13,790,584
28	$24,893,942	-$9,171,089 -$1,244,697	$14,478,156
29	$26,138,772	-$9,631,676 -$1,306,939	$15,200,157
30	$27,445,622	-$10,115,211 -$1,372,281	$15,958,130