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Powerball Annuity Jackpot Analysis for Nebraska (Dec. 15, 2018 Drawing)

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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 $246,000,000 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:  Dec. 15, 2018
Jackpot:$246,000,000
Federal Tax:  24%
State Tax:5.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,702,653$888,637$185,133$2,628,884
2$3,887,786$933,069$194,389$2,760,328
3$4,082,175$979,722$204,109$2,898,344
4$4,286,284$1,028,708$214,314$3,043,262
5$4,500,598$1,080,143$225,030$3,195,424
6$4,725,628$1,134,151$236,281$3,355,196
7$4,961,909$1,190,858$248,095$3,522,956
8$5,210,005$1,250,401$260,500$3,699,103
9$5,470,505$1,312,921$273,525$3,884,059
10$5,744,030$1,378,567$287,202$4,078,261
11$6,031,232$1,447,496$301,562$4,282,175
12$6,332,793$1,519,870$316,640$4,496,283
13$6,649,433$1,595,864$332,472$4,721,097
14$6,981,905$1,675,657$349,095$4,957,152
15$7,331,000$1,759,440$366,550$5,205,010
16$7,697,550$1,847,412$384,877$5,465,260
17$8,082,427$1,939,783$404,121$5,738,523
18$8,486,549$2,036,772$424,327$6,025,449
19$8,910,876$2,138,610$445,544$6,326,722
20$9,356,420$2,245,541$467,821$6,643,058
21$9,824,241$2,357,818$491,212$6,975,211
22$10,315,453$2,475,709$515,773$7,323,971
23$10,831,226$2,599,494$541,561$7,690,170
24$11,372,787$2,729,469$568,639$8,074,679
25$11,941,426$2,865,942$597,071$8,478,412
26$12,538,497$3,009,239$626,925$8,902,333
27$13,165,422$3,159,701$658,271$9,347,450
28$13,823,693$3,317,686$691,185$9,814,822
29$14,514,878$3,483,571$725,744$10,305,563
30$15,240,622$3,657,749$762,031$10,820,842
Total$246,000,000$59,040,000$12,300,000$174,660,000
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