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Nebraska Powerball Jackpot Annuity Payout Schedule for Feb 21, 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 $93,500,000 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, Feb 21, 2001
Jackpot:$93,500,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,667,114$572,790$75,854$1,018,471
2$1,733,799$597,463$78,888$1,057,448
3$1,803,151$623,123$82,043$1,097,984
4$1,875,277$649,810$85,325$1,140,142
5$1,950,288$677,564$88,738$1,183,986
6$2,028,299$706,428$92,288$1,229,584
7$2,109,431$736,447$95,979$1,277,005
8$2,193,809$767,666$99,818$1,326,324
9$2,281,561$800,135$103,811$1,377,615
10$2,372,823$833,902$107,963$1,430,958
11$2,467,736$869,020$112,282$1,486,435
12$2,566,446$905,542$116,773$1,544,130
13$2,669,104$943,526$121,444$1,604,134
14$2,775,868$983,028$126,302$1,666,537
15$2,886,903$1,024,111$131,354$1,731,437
16$3,002,379$1,066,837$136,608$1,798,933
17$3,122,474$1,111,273$142,073$1,869,129
18$3,247,373$1,157,485$147,755$1,942,132
19$3,377,268$1,205,546$153,666$2,018,056
20$3,512,358$1,255,530$159,812$2,097,016
21$3,652,853$1,307,513$166,205$2,179,135
22$3,798,967$1,361,575$172,853$2,264,539
23$3,950,925$1,417,800$179,767$2,353,359
24$4,108,962$1,476,273$186,958$2,445,731
25$4,273,321$1,537,086$194,436$2,541,799
26$4,444,254$1,600,331$202,214$2,641,709
27$4,622,024$1,666,106$210,302$2,745,616
28$4,806,905$1,734,512$218,714$2,853,679
29$4,999,181$1,805,654$227,463$2,966,064
30$5,199,148$1,879,642$236,561$3,082,945
Total$93,500,000$33,273,718$4,254,249$55,972,032

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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.