USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 26, 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 $12,000,000 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, Jun 26, 2002
Jackpot:$12,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$213,961$46,154$12,495$155,312
2$222,520$48,893$12,995$160,632
3$231,420$51,741$13,515$166,164
4$240,677$54,703$14,056$171,918
5$250,304$57,981$14,618$177,705
6$260,317$61,486$15,202$183,628
7$270,729$65,130$15,811$189,789
8$281,558$68,920$16,443$196,195
9$292,821$72,862$17,101$202,858
10$304,533$76,961$17,785$209,787
11$316,715$81,225$18,496$216,994
12$329,383$85,659$19,236$224,488
13$342,559$90,270$20,005$232,283
14$356,261$95,066$20,806$240,389
15$370,512$100,054$21,638$248,820
16$385,332$105,241$22,503$257,588
17$400,745$110,636$23,404$266,706
18$416,775$116,246$24,340$276,189
19$433,446$122,081$25,313$286,052
20$450,784$128,149$26,326$296,309
21$468,815$134,460$27,379$306,976
22$487,568$141,024$28,474$318,070
23$507,071$147,849$29,613$329,608
24$527,353$154,948$30,797$341,608
25$548,448$162,331$32,029$354,087
26$570,386$170,010$33,311$367,065
27$593,201$177,995$34,643$380,563
28$616,929$186,451$36,029$394,449
29$641,606$195,582$37,470$408,554
30$667,270$205,078$38,969$423,224
Total$12,000,000$3,315,186$700,802$7,984,010

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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.