USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Sep 4, 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 $70,100,000 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, Sep 4, 2002
Jackpot:$70,100,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,249,890$420,647$72,994$756,249
2$1,299,886$439,145$75,913$784,827
3$1,351,881$458,384$78,950$814,547
4$1,405,956$478,392$82,108$845,457
5$1,462,194$499,200$85,392$877,603
6$1,520,682$520,840$88,808$911,034
7$1,581,510$543,346$92,360$945,803
8$1,644,770$566,753$96,055$981,963
9$1,710,561$591,095$99,897$1,019,569
10$1,778,983$616,412$103,893$1,058,679
11$1,850,142$642,740$108,048$1,099,354
12$1,924,148$670,123$112,370$1,141,655
13$2,001,114$698,600$116,865$1,185,649
14$2,081,159$728,216$121,540$1,231,403
15$2,164,405$759,018$126,401$1,278,986
16$2,250,981$791,051$131,457$1,328,473
17$2,341,020$824,365$136,716$1,379,940
18$2,434,661$859,012$142,184$1,433,465
19$2,532,048$895,045$147,872$1,489,131
20$2,633,330$932,520$153,786$1,547,023
21$2,738,663$971,493$159,938$1,607,232
22$2,848,209$1,012,025$166,335$1,669,849
23$2,962,138$1,054,179$172,989$1,734,970
24$3,080,623$1,098,018$179,908$1,802,696
25$3,203,848$1,143,612$187,105$1,873,132
26$3,332,002$1,191,029$194,589$1,946,385
27$3,465,282$1,240,342$202,372$2,022,568
28$3,603,893$1,291,628$210,467$2,101,798
29$3,748,049$1,344,966$218,886$2,184,197
30$3,897,971$1,400,437$227,642$2,269,893
Total$70,100,000$24,682,633$4,093,840$41,323,530

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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.