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