USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 23, 2004

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The tax information provided here is based on 2025 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 $13,600,000 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, Oct 23, 2004
Jackpot:$13,600,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$242,489$54,660$12,609$175,220
2$252,189$57,813$13,114$181,262
3$262,276$61,344$13,638$187,294
4$272,768$65,016$14,184$193,568
5$283,678$68,835$14,751$200,092
6$295,025$72,806$15,341$206,878
7$306,826$76,936$15,955$213,935
8$319,099$81,232$16,593$221,274
9$331,863$85,699$17,257$228,907
10$345,138$90,346$17,947$236,845
11$358,943$95,177$18,665$245,101
12$373,301$100,203$19,412$253,687
13$388,233$105,429$20,188$262,616
14$403,763$110,864$20,996$271,903
15$419,913$116,517$21,835$281,561
16$436,710$122,396$22,709$291,605
17$454,178$128,510$23,617$302,051
18$472,345$134,868$24,562$312,915
19$491,239$141,481$25,544$324,214
20$510,888$148,358$26,566$335,964
21$531,324$155,511$27,629$348,185
22$552,577$162,949$28,734$360,894
23$574,680$170,685$29,883$374,111
24$597,667$178,731$31,079$387,858
25$621,574$187,098$32,322$402,154
26$646,437$196,202$33,615$416,620
27$672,294$205,769$34,959$431,566
28$699,186$215,719$36,358$447,109
29$727,154$226,067$37,812$463,275
30$756,240$236,829$39,324$480,086
Total$13,600,000$3,854,050$707,198$9,038,750

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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.