USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jul 4, 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 $18,400,000 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, Jul 4, 2001
Jackpot:$18,400,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$328,074$83,595$14,927$229,551
2$341,197$88,188$15,524$237,484
3$354,845$92,965$16,145$245,734
4$369,038$97,933$16,791$254,314
5$383,800$103,099$17,463$263,238
6$399,152$108,472$18,161$272,518
7$415,118$114,061$18,888$282,170
8$431,723$119,872$19,643$292,207
9$448,992$125,916$20,429$302,646
10$466,951$132,202$21,246$313,503
11$485,629$138,740$22,096$324,794
12$505,055$145,538$22,980$336,536
13$525,257$152,609$23,899$348,748
14$546,267$159,963$24,855$361,449
15$568,118$167,610$25,849$374,658
16$590,842$175,564$26,883$388,395
17$614,476$183,836$27,959$402,682
18$639,055$192,439$29,077$417,540
19$664,617$201,866$30,240$432,512
20$691,202$211,702$31,450$448,050
21$718,850$221,932$32,708$464,211
22$747,604$232,571$34,016$481,017
23$777,508$243,635$35,377$498,496
24$808,609$255,142$36,792$516,675
25$840,953$267,110$38,263$535,580
26$874,591$279,556$39,794$555,241
27$909,575$292,500$41,386$575,689
28$945,958$305,962$43,041$596,955
29$983,796$319,962$44,763$619,072
30$1,023,148$334,522$46,553$642,073
Total$18,400,000$5,549,062$837,198$12,013,738

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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.