USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 10, 1992

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The tax information provided here is based on 2026 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 $29,500,000 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 money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Sat, Oct 10, 1992
Jackpot:$29,500,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$525,988$152,865$23,932$349,190
2$547,027$160,229$24,890$361,909
3$568,909$167,887$25,885$375,136
4$591,665$175,852$26,921$388,892
5$615,331$184,135$27,998$403,199
6$639,945$192,750$29,117$418,077
7$665,543$202,208$30,282$433,052
8$692,164$212,058$31,493$448,613
9$719,851$222,302$32,753$464,796
10$748,645$232,956$34,063$481,626
11$778,591$244,036$35,426$499,129
12$809,734$255,559$36,843$517,332
13$842,124$267,543$38,317$536,264
14$875,809$280,006$39,849$555,953
15$910,841$292,968$41,443$576,429
16$947,275$306,449$43,101$597,725
17$985,166$320,468$44,825$619,872
18$1,024,572$335,049$46,618$642,905
19$1,065,555$350,213$48,483$666,860
20$1,108,177$365,983$50,422$691,772
21$1,152,504$382,384$52,439$717,682
22$1,198,604$399,441$54,537$744,627
23$1,246,549$417,180$56,718$772,650
24$1,296,411$435,629$58,987$801,795
25$1,348,267$454,816$61,346$832,105
26$1,402,198$474,770$63,800$863,627
27$1,458,286$495,523$66,352$896,411
28$1,516,617$517,106$69,006$930,505
29$1,577,282$539,551$71,766$965,964
30$1,640,373$562,895$74,637$1,002,841
Total$29,500,000$9,600,811$1,342,249$18,556,938

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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.