Nebraska Lottery

NELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 30, 2025 is estimated to be $189 Million, with a cash option of 82.7 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 30, 2025

Draw Date Jackpot Cash Option
Fri May 30, 2025$189,000,000$82,700,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$82,700,000
Federal Tax(24%)$19,848,000
Additional Federal Tax$10,711,330
State Tax(5%)$4,135,000
Net Lumpsum Payment$48,005,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $2,844,639 -$1,012,847
-$142,232
$1,689,560
2 $2,986,956 -$1,065,504
-$149,348
$1,772,104
3 $3,136,266 -$1,120,749
-$156,813
$1,858,704
4 $3,293,136 -$1,178,791
-$164,657
$1,949,688
5 $3,457,755 -$1,239,700
-$172,888
$2,045,167
6 $3,630,690 -$1,303,686
-$181,535
$2,145,469
7 $3,812,130 -$1,370,818
-$190,607
$2,250,705
8 $4,002,831 -$1,441,378
-$200,142
$2,361,311
9 $4,202,982 -$1,515,434
-$210,149
$2,477,399
10 $4,413,150 -$1,593,196
-$220,658
$2,599,296
11 $4,633,713 -$1,674,804
-$231,686
$2,727,223
12 $4,865,427 -$1,760,538
-$243,271
$2,861,618
13 $5,108,670 -$1,850,538
-$255,434
$3,002,698
14 $5,364,198 -$1,945,084
-$268,210
$3,150,904
15 $5,632,389 -$2,044,314
-$281,619
$3,306,456
16 $5,913,999 -$2,148,510
-$295,700
$3,469,789
17 $6,209,595 -$2,257,881
-$310,480
$3,641,234
18 $6,520,122 -$2,372,776
-$326,006
$3,821,340
19 $6,846,147 -$2,493,405
-$342,307
$4,010,435
20 $7,188,426 -$2,620,048
-$359,421
$4,208,957
21 $7,547,904 -$2,753,055
-$377,395
$4,417,454
22 $7,925,337 -$2,892,705
-$396,267
$4,636,365
23 $8,321,481 -$3,039,278
-$416,074
$4,866,129
24 $8,737,659 -$3,193,264
-$436,883
$5,107,512
25 $9,174,438 -$3,354,872
-$458,722
$5,360,844
26 $9,633,330 -$3,524,662
-$481,667
$5,627,001
27 $10,114,902 -$3,702,844
-$505,745
$5,906,313
28 $10,620,666 -$3,889,977
-$531,033
$6,199,656
29 $11,151,756 -$4,086,480
-$557,588
$6,507,688
30 $11,709,306 -$4,292,774
-$585,465
$6,831,067
1
8
9
Cash Option: $82.7 Million
Next Draw: Fri May 30
Mega Millions
Tue May 27, 2025
062834486209

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