USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 25, 2000

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The tax information provided here is based on 2026 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 $32,300,000 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 25, 2000
Jackpot:$32,300,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$575,912$170,339$26,204$379,370
2$598,949$178,401$27,252$393,295
3$622,907$186,787$28,342$407,778
4$647,823$195,652$29,476$422,695
5$673,736$205,240$30,655$437,841
6$700,685$215,211$31,881$453,593
7$728,713$225,581$33,156$469,975
8$757,861$236,366$34,483$487,013
9$788,176$247,582$35,862$504,731
10$819,703$259,247$37,296$523,159
11$852,491$271,379$38,788$542,324
12$886,590$283,996$40,340$562,255
13$922,054$297,117$41,953$582,983
14$958,936$310,764$43,632$604,541
15$997,294$324,956$45,377$626,961
16$1,037,185$339,716$47,192$650,278
17$1,078,673$355,066$49,080$674,527
18$1,121,820$371,031$51,043$699,746
19$1,166,692$387,633$53,085$725,974
20$1,213,360$404,901$55,208$753,252
21$1,261,895$422,858$57,416$781,620
22$1,312,370$441,534$59,713$811,123
23$1,364,865$460,957$62,101$841,806
24$1,419,460$481,157$64,585$873,717
25$1,476,238$502,165$67,169$906,904
26$1,535,288$524,014$69,856$941,418
27$1,596,699$546,736$72,650$977,313
28$1,660,567$570,367$75,556$1,014,644
29$1,726,990$594,943$78,578$1,053,468
30$1,796,069$620,503$81,721$1,093,845
Total$32,300,000$10,632,199$1,469,650$20,198,149

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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.