USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for May 24, 1997

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $17,000,000 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 money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Sat, May 24, 1997
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$303,112$76,464$17,702$208,946
2$315,236$80,707$18,410$216,119
3$327,846$85,121$19,146$223,579
4$340,959$89,711$19,912$231,337
5$354,598$94,484$20,709$239,405
6$368,782$99,448$21,537$247,797
7$383,533$104,611$22,398$256,523
8$398,874$109,981$23,294$265,599
9$414,829$115,565$24,226$275,038
10$431,422$121,373$25,195$284,855
11$448,679$127,413$26,203$295,064
12$466,627$133,694$27,251$305,681
13$485,292$140,227$28,341$316,724
14$504,703$147,021$29,475$328,208
15$524,891$154,087$30,654$340,151
16$545,887$161,435$31,880$352,572
17$567,723$169,078$33,155$365,490
18$590,431$177,026$34,481$378,924
19$614,049$185,386$35,860$392,802
20$638,611$194,474$37,295$406,842
21$664,155$203,925$38,787$421,443
22$690,721$213,755$40,338$436,629
23$718,350$223,977$41,952$452,421
24$747,084$234,609$43,630$468,846
25$776,967$245,666$45,375$485,927
26$808,046$257,165$47,190$503,691
27$840,368$269,124$49,077$522,167
28$873,983$281,561$51,041$541,381
29$908,942$294,496$53,082$561,364
30$945,300$307,949$55,206$582,146
Total$17,000,000$5,099,533$992,802$10,907,671

◄ Back to Jackpot Analysis

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.