USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Aug 12, 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 $19,000,000 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, Aug 12, 2000
Jackpot:$19,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$338,772$87,339$15,414$236,018
2$352,323$92,082$16,031$244,210
3$366,416$97,015$16,672$252,729
4$381,072$102,145$17,339$261,589
5$396,315$107,480$18,032$270,803
6$412,168$113,028$18,754$280,386
7$428,655$118,798$19,504$290,352
8$445,801$124,799$20,284$300,717
9$463,633$131,041$21,095$311,497
10$482,178$137,532$21,939$322,707
11$501,465$144,282$22,817$334,366
12$521,524$151,303$23,729$346,492
13$542,385$158,604$24,679$359,102
14$564,080$166,197$25,666$372,217
15$586,643$174,094$26,692$385,857
16$610,109$182,307$27,760$400,042
17$634,513$190,849$28,870$414,794
18$659,894$200,118$30,025$429,751
19$686,290$209,884$31,226$445,179
20$713,741$220,042$32,475$461,225
21$742,291$230,605$33,774$477,912
22$771,983$241,591$35,125$495,267
23$802,862$253,016$36,530$513,316
24$834,976$264,898$37,991$532,086
25$868,375$277,256$39,511$551,608
26$903,110$290,108$41,092$571,911
27$939,235$303,474$42,735$593,025
28$976,804$317,375$44,445$614,985
29$1,015,876$331,832$46,222$637,822
30$1,056,511$346,866$48,071$661,574
Total$19,000,000$5,765,960$864,499$12,369,539

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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.