USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jul 17, 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 $35,000,000 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, Jul 17, 2002
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$624,053$189,088$36,445$398,521
2$649,016$198,324$37,903$412,790
3$674,976$207,929$39,419$427,629
4$701,975$217,919$40,995$443,061
5$730,054$228,308$42,635$459,111
6$759,256$239,113$44,341$475,803
7$789,627$250,350$46,114$493,163
8$821,212$262,036$47,959$511,217
9$854,060$274,190$49,877$529,993
10$888,223$286,830$51,872$549,520
11$923,752$299,976$53,947$569,829
12$960,702$313,647$56,105$590,949
13$999,130$327,866$58,349$612,915
14$1,039,095$342,653$60,683$635,759
15$1,080,659$358,031$63,110$659,517
16$1,123,885$374,025$65,635$684,225
17$1,168,840$390,659$68,260$709,921
18$1,215,594$407,958$70,991$736,646
19$1,264,218$425,948$73,830$764,439
20$1,314,787$444,659$76,784$793,344
21$1,367,378$464,118$79,855$823,406
22$1,422,073$484,355$83,049$854,669
23$1,478,956$505,401$86,371$887,184
24$1,538,114$527,290$89,826$920,998
25$1,599,639$550,054$93,419$956,166
26$1,663,624$573,729$97,156$992,740
27$1,730,169$598,350$101,042$1,030,777
28$1,799,376$623,957$105,084$1,070,336
29$1,871,351$650,588$109,287$1,111,477
30$1,946,205$678,284$113,658$1,154,263
Total$35,000,000$11,695,635$2,044,001$21,260,368

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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.