USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for May 31, 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 $25,000,000 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 31, 1997
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$26,032$293,332
2$463,583$132,629$27,073$303,881
3$482,126$139,119$28,156$314,851
4$501,411$145,869$29,282$326,260
5$521,467$152,888$30,454$338,125
6$542,326$160,189$31,672$350,465
7$564,019$167,781$32,939$363,299
8$586,580$175,678$34,256$376,646
9$610,043$183,904$35,627$390,513
10$634,445$192,932$37,052$404,461
11$659,823$202,322$38,534$418,967
12$686,215$212,087$40,075$434,053
13$713,664$222,243$41,678$449,743
14$742,211$232,806$43,345$466,060
15$771,899$243,790$45,079$483,030
16$802,775$255,215$46,882$500,678
17$834,886$267,096$48,757$519,033
18$868,281$279,452$50,708$538,122
19$903,013$292,302$52,736$557,974
20$939,133$305,667$54,845$578,621
21$976,699$319,566$57,039$600,093
22$1,015,767$334,021$59,321$622,424
23$1,056,397$349,055$61,694$645,649
24$1,098,653$364,689$64,161$669,802
25$1,142,599$380,949$66,728$694,922
26$1,188,303$397,860$69,397$721,046
27$1,235,835$415,447$72,173$748,216
28$1,285,269$433,737$75,060$776,472
29$1,336,679$452,759$78,062$805,858
30$1,390,147$472,542$81,185$836,420
Total$25,000,000$8,010,982$1,460,002$15,529,016

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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.