USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 17, 2001

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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 $25,400,000 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 17, 2001
Jackpot:$25,400,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$452,885$127,279$20,606$304,999
2$471,000$133,619$21,430$315,950
3$489,840$140,213$22,288$327,339
4$509,433$147,071$23,179$339,183
5$529,811$154,203$24,106$351,501
6$551,003$161,620$25,071$364,312
7$573,043$169,334$26,073$377,635
8$595,965$177,357$27,116$391,492
9$619,804$185,701$28,201$405,902
10$644,596$194,458$29,329$420,809
11$670,380$203,998$30,502$435,880
12$697,195$213,919$31,722$451,553
13$725,083$224,238$32,991$467,854
14$754,086$234,969$34,311$484,806
15$784,249$246,130$35,683$502,437
16$815,619$257,736$37,111$520,772
17$848,244$269,808$38,595$539,841
18$882,174$282,362$40,139$559,673
19$917,461$295,418$41,744$580,299
20$954,159$308,996$43,414$601,749
21$992,326$323,118$45,151$624,057
22$1,032,019$337,804$46,957$647,258
23$1,073,300$353,078$48,835$671,386
24$1,116,232$368,963$50,789$696,480
25$1,160,881$385,483$52,820$722,578
26$1,207,316$402,664$54,933$749,719
27$1,255,609$420,532$57,130$777,946
28$1,305,833$439,115$59,415$807,302
29$1,358,066$458,442$61,792$837,833
30$1,412,389$478,541$64,264$869,584
Total$25,400,000$8,096,169$1,155,697$16,148,129

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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.