The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Nebraska residents, the state will deduct 5% from your lottery earnings.
| Nebraska MEGA Millions Jackpot/Cash Option for Fri May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(5%) | $5,615,000 | | Net Lumpsum Payment | $65,173,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$188,890 |
$2,230,794 |
| 2 |
$3,966,804 |
$1,428,048
$198,340 |
$2,340,416 |
| 3 |
$4,165,094 |
$1,501,415
$208,255 |
$2,455,424 |
| 4 |
$4,373,424 |
$1,578,497
$218,671 |
$2,576,256 |
| 5 |
$4,592,045 |
$1,659,387
$229,602 |
$2,703,056 |
| 6 |
$4,821,710 |
$1,744,363
$241,086 |
$2,836,261 |
| 7 |
$5,062,670 |
$1,833,518
$253,134 |
$2,976,018 |
| 8 |
$5,315,929 |
$1,927,224
$265,796 |
$3,122,909 |
| 9 |
$5,581,738 |
$2,025,573
$279,087 |
$3,277,078 |
| 10 |
$5,860,850 |
$2,128,845
$293,043 |
$3,438,962 |
| 11 |
$6,153,767 |
$2,237,224
$307,688 |
$3,608,855 |
| 12 |
$6,461,493 |
$2,351,083
$323,075 |
$3,787,335 |
| 13 |
$6,784,530 |
$2,470,606
$339,227 |
$3,974,697 |
| 14 |
$7,123,882 |
$2,596,167
$356,194 |
$4,171,521 |
| 15 |
$7,480,051 |
$2,727,949
$374,003 |
$4,378,099 |
| 16 |
$7,854,041 |
$2,866,326
$392,702 |
$4,595,013 |
| 17 |
$8,246,605 |
$3,011,574
$412,330 |
$4,822,701 |
| 18 |
$8,658,998 |
$3,164,160
$432,950 |
$5,061,888 |
| 19 |
$9,091,973 |
$3,324,360
$454,599 |
$5,313,014 |
| 20 |
$9,546,534 |
$3,492,548
$477,327 |
$5,576,659 |
| 21 |
$10,023,936 |
$3,669,187
$501,197 |
$5,853,552 |
| 22 |
$10,525,183 |
$3,854,648
$526,259 |
$6,144,276 |
| 23 |
$11,051,279 |
$4,049,304
$552,564 |
$6,449,411 |
| 24 |
$11,603,981 |
$4,253,803
$580,199 |
$6,769,979 |
| 25 |
$12,184,042 |
$4,468,426
$609,202 |
$7,106,414 |
| 26 |
$12,793,470 |
$4,693,914
$639,674 |
$7,459,882 |
| 27 |
$13,433,018 |
$4,930,547
$671,651 |
$7,830,820 |
| 28 |
$14,104,694 |
$5,179,067
$705,235 |
$8,220,392 |
| 29 |
$14,810,004 |
$5,440,032
$740,500 |
$8,629,472 |
| 30 |
$15,550,454 |
$5,713,998
$777,523 |
$9,058,933 |
|
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