USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Feb 20, 2002

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The tax information provided here is based on 2024 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 $32,000,000 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:Wed, Feb 20, 2002
Jackpot:$32,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$570,563$170,072$33,321$367,170
2$593,386$178,060$34,654$380,672
3$617,121$186,523$36,040$394,559
4$641,806$195,656$37,481$408,669
5$667,478$205,155$38,981$423,343
6$694,177$215,033$40,540$438,604
7$721,944$225,307$42,162$454,476
8$750,822$235,992$43,848$470,982
9$780,855$247,104$45,602$488,149
10$812,089$258,661$47,426$506,002
11$844,573$270,680$49,323$524,570
12$878,356$283,179$51,296$543,880
13$913,490$296,179$53,348$563,963
14$950,030$309,699$55,482$584,849
15$988,031$323,759$57,701$606,571
16$1,027,552$338,382$60,009$629,161
17$1,068,654$353,590$62,409$652,655
18$1,111,400$369,406$64,906$677,089
19$1,155,856$385,855$67,502$702,500
20$1,202,091$402,961$70,202$728,927
21$1,250,174$420,752$73,010$756,412
22$1,300,181$439,255$75,931$784,996
23$1,352,188$458,497$78,968$814,723
24$1,406,276$478,510$82,127$845,640
25$1,462,527$499,323$85,412$877,793
26$1,521,028$520,968$88,828$911,232
27$1,581,869$543,479$92,381$946,009
28$1,645,144$566,891$96,076$982,177
29$1,710,950$591,239$99,919$1,019,791
30$1,779,388$616,561$103,916$1,058,910
Total$32,000,000$10,586,728$1,868,801$19,544,474

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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.