USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $112,000,000 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:Sat, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$697,067$116,623$1,183,281
2$2,076,850$726,622$121,288$1,228,940
3$2,159,924$757,360$126,140$1,276,425
4$2,246,321$789,326$131,185$1,325,809
5$2,336,174$822,572$136,433$1,377,169
6$2,429,621$857,147$141,890$1,430,583
7$2,526,806$893,106$147,565$1,486,134
8$2,627,878$930,503$153,468$1,543,907
9$2,732,993$969,395$159,607$1,603,991
10$2,842,313$1,009,843$165,991$1,666,478
11$2,956,005$1,051,910$172,631$1,731,465
12$3,074,245$1,095,658$179,536$1,799,051
13$3,197,215$1,141,157$186,717$1,869,340
14$3,325,104$1,188,476$194,186$1,942,442
15$3,458,108$1,237,688$201,953$2,018,467
16$3,596,432$1,288,868$210,032$2,097,533
17$3,740,289$1,342,095$218,433$2,179,762
18$3,889,901$1,397,451$227,170$2,265,280
19$4,045,497$1,455,022$236,257$2,354,218
20$4,207,317$1,514,895$245,707$2,446,715
21$4,375,610$1,577,163$255,536$2,542,911
22$4,550,634$1,641,922$265,757$2,642,955
23$4,732,659$1,709,272$276,387$2,747,000
24$4,921,966$1,779,315$287,443$2,855,208
25$5,118,844$1,852,160$298,941$2,967,744
26$5,323,598$1,927,919$310,898$3,084,781
27$5,536,542$2,006,708$323,334$3,206,500
28$5,758,004$2,088,649$336,267$3,333,087
29$5,988,324$2,173,868$349,718$3,464,738
30$6,227,857$2,262,495$363,707$3,601,655
Total$112,000,000$40,185,632$6,540,800$65,273,569

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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.