USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 21, 1996

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The tax information provided here is based on 2024 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 $41,600,000 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, Dec 21, 1996
Jackpot:$41,600,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$741,732$232,629$43,317$465,786
2$771,401$243,606$45,050$482,745
3$802,257$255,023$46,852$500,383
4$834,348$266,896$48,726$518,725
5$867,722$279,245$50,675$537,802
6$902,431$292,087$52,702$557,642
7$938,528$305,443$54,810$578,275
8$976,069$319,333$57,002$599,733
9$1,015,112$333,779$59,283$622,050
10$1,055,716$348,803$61,654$645,260
11$1,097,945$364,427$64,120$669,397
12$1,141,863$380,677$66,685$694,501
13$1,187,537$397,576$69,352$720,608
14$1,235,039$415,152$72,126$747,760
15$1,284,440$433,431$75,011$775,998
16$1,335,818$452,440$78,012$805,366
17$1,389,250$472,210$81,132$835,908
18$1,444,820$492,771$84,378$867,672
19$1,502,613$514,155$87,753$900,706
20$1,562,718$536,393$91,263$935,062
21$1,625,226$559,522$94,913$970,792
22$1,690,235$583,575$98,710$1,007,951
23$1,757,845$608,590$102,658$1,046,596
24$1,828,159$634,606$106,764$1,086,788
25$1,901,285$661,663$111,035$1,128,587
26$1,977,336$689,802$115,476$1,172,058
27$2,056,430$719,067$120,096$1,217,268
28$2,138,687$749,502$124,899$1,264,286
29$2,224,235$781,155$129,895$1,313,185
30$2,313,204$814,073$135,091$1,364,040
Total$41,600,000$14,137,631$2,429,440$25,032,930

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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.