USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 13, 2006

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The tax information provided here is based on 2026 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 $33,800,000 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, Dec 13, 2006
Jackpot:$33,800,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$602,657$179,699$27,421$395,537
2$626,764$188,137$28,518$410,109
3$651,834$197,136$29,658$425,040
4$677,908$206,783$30,845$440,280
5$705,024$216,816$32,079$456,129
6$733,225$227,250$33,362$472,613
7$762,554$238,102$34,696$489,755
8$793,056$249,388$36,084$507,584
9$824,778$261,125$37,527$526,126
10$857,769$273,332$39,029$545,409
11$892,080$286,027$40,590$565,464
12$927,763$299,230$42,213$586,320
13$964,874$312,961$43,902$608,012
14$1,003,469$327,241$45,658$630,570
15$1,043,608$342,092$47,484$654,031
16$1,085,352$357,537$49,384$678,431
17$1,128,766$373,601$51,359$703,806
18$1,173,917$390,306$53,413$730,197
19$1,220,873$407,680$55,550$757,643
20$1,269,708$425,749$57,772$786,187
21$1,320,496$444,541$60,083$815,873
22$1,373,316$464,084$62,486$846,746
23$1,428,249$484,409$64,985$878,854
24$1,485,379$505,547$67,585$912,247
25$1,544,794$527,531$70,288$946,975
26$1,606,586$550,394$73,100$983,092
27$1,670,849$574,171$76,024$1,020,654
28$1,737,683$598,900$79,065$1,059,719
29$1,807,191$624,618$82,227$1,100,346
30$1,879,478$651,364$85,516$1,142,598
Total$33,800,000$11,185,751$1,537,903$21,076,347

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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.