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Nebraska Powerball Jackpot Annuity Payout Schedule for Jan 20, 2021

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The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $730,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Wed, Jan 20, 2021
Jackpot:$730,000,000
Federal Tax:37% marginal rate
State Tax: 6.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,987,548$4,029,465$751,548$6,206,534
2$11,536,925$4,232,735$789,126$6,515,065
3$12,113,771$4,446,168$828,582$6,839,022
4$12,719,460$4,670,273$870,011$7,179,177
5$13,355,432$4,905,582$913,512$7,536,339
6$14,023,204$5,152,658$959,187$7,911,359
7$14,724,365$5,412,087$1,007,147$8,305,131
8$15,460,583$5,684,488$1,057,504$8,718,591
9$16,233,612$5,970,509$1,110,379$9,152,724
10$17,045,293$6,270,831$1,165,898$9,608,564
11$17,897,557$6,586,169$1,224,193$10,087,196
12$18,792,435$6,917,273$1,285,403$10,589,759
13$19,732,057$7,264,933$1,349,673$11,117,451
14$20,718,660$7,629,976$1,417,156$11,671,527
15$21,754,593$8,013,272$1,488,014$12,253,307
16$22,842,323$8,415,732$1,562,415$12,864,176
17$23,984,438$8,838,314$1,640,536$13,505,588
18$25,183,660$9,282,027$1,722,562$14,179,071
19$26,442,843$9,747,924$1,808,690$14,886,229
20$27,764,986$10,237,117$1,899,125$15,628,744
21$29,153,235$10,750,769$1,994,081$16,408,384
22$30,610,897$11,290,104$2,093,785$17,227,007
23$32,141,442$11,856,406$2,198,475$18,086,561
24$33,748,513$12,451,022$2,308,398$18,989,093
25$35,435,939$13,075,370$2,423,818$19,936,751
26$37,207,736$13,730,935$2,545,009$20,931,793
27$39,068,123$14,419,278$2,672,260$21,976,586
28$41,021,529$15,142,038$2,805,873$23,073,618
29$43,072,605$15,900,936$2,946,166$24,225,503
30$45,226,236$16,697,780$3,093,475$25,434,982
Total$730,000,001$269,022,171$49,932,001$411,045,832

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.