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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 $422,000,000 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, Jul 27, 2016
Jackpot:$422,000,000
Federal Tax:  25%
State Tax:5.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,351,706$1,587,926$317,585$4,446,194
2$6,669,291$1,667,323$333,465$4,668,504
3$7,002,755$1,750,689$350,138$4,901,929
4$7,352,893$1,838,223$367,645$5,147,025
5$7,720,538$1,930,134$386,027$5,404,376
6$8,106,565$2,026,641$405,328$5,674,595
7$8,511,893$2,127,973$425,595$5,958,325
8$8,937,488$2,234,372$446,874$6,256,241
9$9,384,362$2,346,091$469,218$6,569,054
10$9,853,580$2,463,395$492,679$6,897,506
11$10,346,259$2,586,565$517,313$7,242,381
12$10,863,572$2,715,893$543,179$7,604,501
13$11,406,751$2,851,688$570,338$7,984,726
14$11,977,088$2,994,272$598,854$8,383,962
15$12,575,943$3,143,986$628,797$8,803,160
16$13,204,740$3,301,185$660,237$9,243,318
17$13,864,977$3,466,244$693,249$9,705,484
18$14,558,226$3,639,556$727,911$10,190,758
19$15,286,137$3,821,534$764,307$10,700,296
20$16,050,444$4,012,611$802,522$11,235,311
21$16,852,966$4,213,241$842,648$11,797,076
22$17,695,614$4,423,904$884,781$12,386,930
23$18,580,395$4,645,099$929,020$13,006,276
24$19,509,414$4,877,354$975,471$13,656,590
25$20,484,885$5,121,221$1,024,244$14,339,420
26$21,509,130$5,377,282$1,075,456$15,056,391
27$22,584,586$5,646,147$1,129,229$15,809,210
28$23,713,815$5,928,454$1,185,691$16,599,671
29$24,899,506$6,224,877$1,244,975$17,429,654
30$26,144,482$6,536,120$1,307,224$18,301,137
Total$422,000,001$105,500,000$21,100,000$295,400,001
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