Nebraska Lottery

NELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 20, 2025 is estimated to be $302 Million, with a cash option of 136 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 Jun 20, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 20, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(5%)	$6,800,000
Net Lumpsum Payment	$78,919,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$227,270	$2,676,003
2	$4,772,808	-$1,726,269 -$238,640	$2,807,899
3	$5,011,388	-$1,814,544 -$250,569	$2,946,275
4	$5,262,048	-$1,907,288 -$263,102	$3,091,658
5	$5,525,090	-$2,004,614 -$276,255	$3,244,221
6	$5,801,420	-$2,106,856 -$290,071	$3,404,493
7	$6,091,340	-$2,214,126 -$304,567	$3,572,647
8	$6,396,058	-$2,326,872 -$319,803	$3,749,383
9	$6,715,876	-$2,445,205 -$335,794	$3,934,877
10	$7,051,700	-$2,569,459 -$352,585	$4,129,656
11	$7,404,134	-$2,699,860 -$370,207	$4,334,067
12	$7,774,386	-$2,836,853 -$388,719	$4,548,814
13	$8,163,060	-$2,980,663 -$408,153	$4,774,244
14	$8,571,364	-$3,131,735 -$428,568	$5,011,061
15	$8,999,902	-$3,290,294 -$449,995	$5,259,613
16	$9,449,882	-$3,456,787 -$472,494	$5,520,601
17	$9,922,210	-$3,631,548 -$496,111	$5,794,551
18	$10,418,396	-$3,815,137 -$520,920	$6,082,339
19	$10,939,346	-$4,007,888 -$546,967	$6,384,491
20	$11,486,268	-$4,210,250 -$574,313	$6,701,705
21	$12,060,672	-$4,422,779 -$603,034	$7,034,859
22	$12,663,766	-$4,645,924 -$633,188	$7,384,654
23	$13,296,758	-$4,880,131 -$664,838	$7,751,789
24	$13,961,762	-$5,126,182 -$698,088	$8,137,492
25	$14,659,684	-$5,384,413 -$732,984	$8,542,287
26	$15,392,940	-$5,655,718 -$769,647	$8,967,575
27	$16,162,436	-$5,940,432 -$808,122	$9,413,882
28	$16,970,588	-$6,239,448 -$848,529	$9,882,611
29	$17,819,208	-$6,553,437 -$890,960	$10,374,811
30	$18,710,108	-$6,883,070 -$935,505	$10,891,533