USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Mar 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 $21,700,000 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:Sat, Mar 9, 2002
Jackpot:$21,700,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$386,913$104,189$17,605$265,120
2$402,390$109,606$18,309$274,475
3$418,485$115,239$19,041$284,205
4$435,225$121,098$19,803$294,324
5$452,634$127,191$20,595$304,848
6$470,739$133,528$21,419$315,792
7$489,569$140,118$22,275$327,175
8$509,151$146,972$23,166$339,013
9$529,517$154,100$24,093$351,324
10$550,698$161,514$25,057$364,128
11$572,726$169,223$26,059$377,444
12$595,635$177,242$27,101$391,292
13$619,460$185,580$28,185$405,695
14$644,239$194,326$29,313$420,600
15$670,008$203,860$30,485$435,663
16$696,809$213,776$31,705$451,327
17$724,681$224,089$32,973$467,619
18$753,668$234,815$34,292$484,562
19$783,815$245,969$35,664$502,183
20$815,168$257,569$37,090$520,508
21$847,774$269,634$38,574$539,567
22$881,685$282,181$40,117$559,388
23$916,953$295,230$41,721$580,002
24$953,631$308,801$43,390$601,440
25$991,776$322,914$45,126$623,736
26$1,031,447$337,593$46,931$646,924
27$1,072,705$352,858$48,808$671,039
28$1,115,613$368,734$50,760$696,119
29$1,160,238$385,245$52,791$722,202
30$1,206,647$402,417$54,902$749,328
Total$21,700,000$6,745,611$987,350$13,967,042

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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.