USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 21, 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 $5,000,000 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, Jun 21, 1997
Jackpot:$5,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$89,150$14,666$5,206$69,278
2$92,717$15,451$5,415$71,851
3$96,425$16,267$5,631$74,527
4$100,282$17,115$5,856$77,311
5$104,293$18,073$6,091$80,130
6$108,465$19,074$6,334$83,057
7$112,804$20,115$6,588$86,101
8$117,316$21,198$6,851$89,266
9$122,009$22,325$7,125$92,559
10$126,889$23,496$7,410$95,983
11$131,965$24,714$7,707$99,544
12$137,243$25,981$8,015$103,247
13$142,733$27,298$8,336$107,099
14$148,442$28,669$8,669$111,104
15$154,380$30,094$9,016$115,270
16$160,555$31,576$9,376$119,603
17$166,977$33,117$9,751$124,109
18$173,656$34,720$10,142$128,795
19$180,603$36,387$10,547$133,668
20$187,827$38,121$10,969$138,737
21$195,340$40,195$11,408$143,737
22$203,153$42,696$11,864$148,594
23$211,279$45,296$12,339$153,645
24$219,731$48,000$12,832$158,898
25$228,520$50,813$13,346$164,361
26$237,661$53,738$13,879$170,043
27$247,167$56,883$14,435$175,849
28$257,054$60,344$15,012$181,698
29$267,336$63,942$15,612$187,781
30$278,029$67,685$16,237$194,107
Total$5,000,000$1,028,049$291,999$3,679,952

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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.