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Powerball Annuity Jackpot Analysis for Nebraska

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $135,000,000 would be for a resident of Nebraska, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Nebraska

Drawing Date:  Wed, Jan 18, 2017
Jackpot:$135,000,000
Federal Tax:  25%
State Tax:5.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,031,944$507,986$101,597$1,422,361
2$2,133,541$533,385$106,677$1,493,479
3$2,240,218$560,054$112,011$1,568,153
4$2,352,229$588,057$117,611$1,646,560
5$2,469,840$617,460$123,492$1,728,888
6$2,593,332$648,333$129,667$1,815,333
7$2,722,999$680,750$136,150$1,906,099
8$2,859,149$714,787$142,957$2,001,404
9$3,002,106$750,527$150,105$2,101,474
10$3,152,212$788,053$157,611$2,206,548
11$3,309,822$827,456$165,491$2,316,876
12$3,475,313$868,828$173,766$2,432,719
13$3,649,079$912,270$182,454$2,554,355
14$3,831,533$957,883$191,577$2,682,073
15$4,023,110$1,005,777$201,155$2,816,177
16$4,224,265$1,056,066$211,213$2,956,986
17$4,435,478$1,108,870$221,774$3,104,835
18$4,657,252$1,164,313$232,863$3,260,077
19$4,890,115$1,222,529$244,506$3,423,080
20$5,134,621$1,283,655$256,731$3,594,234
21$5,391,352$1,347,838$269,568$3,773,946
22$5,660,919$1,415,230$283,046$3,962,643
23$5,943,965$1,485,991$297,198$4,160,776
24$6,241,163$1,560,291$312,058$4,368,814
25$6,553,222$1,638,305$327,661$4,587,255
26$6,880,883$1,720,221$344,044$4,816,618
27$7,224,927$1,806,232$361,246$5,057,449
28$7,586,173$1,896,543$379,309$5,310,321
29$7,965,482$1,991,370$398,274$5,575,837
30$8,363,756$2,090,939$418,188$5,854,629
Total$135,000,000$33,750,000$6,750,000$94,500,000
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