Nebraska Lottery

NELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 9, 2025 is estimated to be $100 Million, with a cash option of 45.3 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 May 9, 2025

Draw Date	Jackpot	Cash Option
Fri May 9, 2025	$100,000,000	$45,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,300,000
Federal Tax(24%)	$10,872,000
Additional Federal Tax	$5,849,330
State Tax(5%)	$2,265,000
Net Lumpsum Payment	$26,313,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$75,255	$912,628
2	$1,580,400	-$545,078 -$79,020	$956,302
3	$1,659,400	-$574,308 -$82,970	$1,002,122
4	$1,742,400	-$605,018 -$87,120	$1,050,262
5	$1,829,500	-$637,245 -$91,475	$1,100,780
6	$1,921,000	-$671,100 -$96,050	$1,153,850
7	$2,017,000	-$706,620 -$100,850	$1,209,530
8	$2,117,900	-$743,953 -$105,895	$1,268,052
9	$2,223,800	-$783,136 -$111,190	$1,329,474
10	$2,335,000	-$824,280 -$116,750	$1,393,970
11	$2,451,700	-$867,459 -$122,585	$1,461,656
12	$2,574,300	-$912,821 -$128,715	$1,532,764
13	$2,703,000	-$960,440 -$135,150	$1,607,410
14	$2,838,200	-$1,010,464 -$141,910	$1,685,826
15	$2,980,100	-$1,062,967 -$149,005	$1,768,128
16	$3,129,100	-$1,118,097 -$156,455	$1,854,548
17	$3,285,500	-$1,175,965 -$164,275	$1,945,260
18	$3,449,800	-$1,236,756 -$172,490	$2,040,554
19	$3,622,300	-$1,300,581 -$181,115	$2,140,604
20	$3,803,400	-$1,367,588 -$190,170	$2,245,642
21	$3,993,600	-$1,437,962 -$199,680	$2,355,958
22	$4,193,300	-$1,511,851 -$209,665	$2,471,784
23	$4,402,900	-$1,589,403 -$220,145	$2,593,352
24	$4,623,100	-$1,670,877 -$231,155	$2,721,068
25	$4,854,200	-$1,756,384 -$242,710	$2,855,106
26	$5,097,000	-$1,846,220 -$254,850	$2,995,930
27	$5,351,800	-$1,940,496 -$267,590	$3,143,714
28	$5,619,400	-$2,039,508 -$280,970	$3,298,922
29	$5,900,400	-$2,143,478 -$295,020	$3,461,902
30	$6,195,400	-$2,252,628 -$309,770	$3,633,002