USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 9, 2002

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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 $36,400,000 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 9, 2002
Jackpot:$36,400,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$649,016$196,093$29,530$423,392
2$674,976$205,698$30,711$438,566
3$701,975$215,688$31,940$454,347
4$730,054$226,077$33,217$470,759
5$759,256$236,882$34,546$487,828
6$789,627$248,119$35,928$505,580
7$821,212$259,806$37,365$524,041
8$854,060$271,960$38,860$543,241
9$888,223$284,600$40,414$563,209
10$923,752$297,745$42,031$583,976
11$960,702$311,417$43,712$605,573
12$999,130$325,635$45,460$628,034
13$1,039,095$340,422$47,279$651,394
14$1,080,659$355,801$49,170$675,688
15$1,123,885$371,795$51,137$700,954
16$1,168,840$388,428$53,182$727,230
17$1,215,594$405,727$55,310$754,557
18$1,264,218$423,718$57,522$782,978
19$1,314,787$442,428$59,823$812,535
20$1,367,378$461,887$62,216$843,275
21$1,422,073$482,124$64,704$875,244
22$1,478,956$503,171$67,293$908,493
23$1,538,114$525,060$69,984$943,071
24$1,599,639$547,824$72,784$979,032
25$1,663,624$571,498$75,695$1,016,431
26$1,730,169$596,120$78,723$1,055,327
27$1,799,376$621,726$81,872$1,095,778
28$1,871,351$648,357$85,146$1,137,848
29$1,946,205$676,053$88,552$1,181,600
30$2,024,053$704,857$92,094$1,227,102
Total$36,400,000$12,146,716$1,656,200$22,597,083

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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.