USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Sep 24, 1994

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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 $11,500,000 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, Sep 24, 1994
Jackpot:$11,500,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$205,046$42,071$9,330$153,646
2$213,248$44,695$9,703$158,850
3$221,778$47,425$10,091$164,262
4$230,649$50,264$10,495$169,891
5$239,875$53,216$10,914$175,745
6$249,470$56,286$11,351$181,833
7$259,449$59,576$11,805$188,068
8$269,827$63,209$12,277$194,341
9$280,620$66,986$12,768$200,865
10$291,845$70,915$13,279$207,651
11$303,518$75,001$13,810$214,708
12$315,659$79,250$14,362$222,047
13$328,285$83,669$14,937$229,679
14$341,417$88,265$15,534$237,617
15$355,074$93,045$16,156$245,873
16$369,277$98,016$16,802$254,458
17$384,048$103,186$17,474$263,388
18$399,409$108,563$18,173$272,674
19$415,386$114,154$18,900$282,332
20$432,001$119,970$19,656$292,376
21$449,281$126,018$20,442$302,821
22$467,253$132,308$21,260$313,685
23$485,943$138,849$22,110$324,983
24$505,380$145,652$22,995$336,733
25$525,596$152,728$23,915$348,953
26$546,619$160,086$24,871$361,662
27$568,484$167,739$25,866$374,879
28$591,224$175,698$26,901$388,625
29$614,873$183,975$27,977$402,921
30$639,467$192,583$29,096$417,789
Total$11,500,000$3,093,398$523,250$7,883,355

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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.