USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 15, 1997

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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 $22,500,000 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:Wed, Oct 15, 1997
Jackpot:$22,500,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$401,177$110,787$23,429$266,962
2$417,224$116,403$24,366$276,455
3$433,913$122,244$25,341$286,328
4$451,270$128,319$26,354$296,596
5$469,321$134,637$27,408$307,275
6$488,093$141,207$28,505$318,381
7$507,617$148,041$29,645$329,932
8$527,922$155,147$30,831$341,944
9$549,039$162,538$32,064$354,437
10$571,000$170,225$33,346$367,429
11$593,840$178,219$34,680$380,941
12$617,594$186,697$36,067$394,829
13$642,298$195,838$37,510$408,950
14$667,990$205,344$39,011$423,635
15$694,709$215,230$40,571$438,908
16$722,498$225,512$42,194$454,792
17$751,397$236,205$43,882$471,311
18$781,453$247,325$45,637$488,491
19$812,711$258,891$47,462$506,358
20$845,220$270,919$49,361$524,940
21$879,029$283,428$51,335$544,265
22$914,190$296,438$53,389$564,363
23$950,757$309,968$55,524$585,265
24$988,788$324,039$57,745$607,003
25$1,028,339$338,673$60,055$629,611
26$1,069,473$353,893$62,457$653,123
27$1,112,252$369,721$64,956$677,575
28$1,156,742$386,182$67,554$703,006
29$1,203,011$403,302$70,256$729,454
30$1,251,132$421,107$73,066$756,959
Total$22,500,000$7,096,479$1,314,001$14,089,518

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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.