USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 27, 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 $75,400,000 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 27, 2006
Jackpot:$75,400,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,344,389$453,381$61,170$829,838
2$1,398,165$473,278$63,617$861,270
3$1,454,092$493,971$66,161$893,959
4$1,512,255$515,492$68,808$927,956
5$1,572,746$537,873$71,560$963,313
6$1,635,655$561,150$74,422$1,000,083
7$1,701,082$585,357$77,399$1,038,325
8$1,769,125$610,533$80,495$1,078,096
9$1,839,890$636,716$83,715$1,119,458
10$1,913,485$663,947$87,064$1,162,475
11$1,990,025$692,266$90,546$1,207,212
12$2,069,626$721,719$94,168$1,253,739
13$2,152,411$752,349$97,935$1,302,127
14$2,238,507$784,205$101,852$1,352,450
15$2,328,048$817,335$105,926$1,404,787
16$2,421,169$851,790$110,163$1,459,216
17$2,518,016$887,623$114,570$1,515,823
18$2,618,737$924,890$119,153$1,574,694
19$2,723,486$963,647$123,919$1,635,921
20$2,832,426$1,003,955$128,875$1,699,596
21$2,945,723$1,045,875$134,030$1,765,818
22$3,063,552$1,089,471$139,392$1,834,689
23$3,186,094$1,134,812$144,967$1,906,315
24$3,313,538$1,181,966$150,766$1,980,805
25$3,446,079$1,231,007$156,797$2,058,276
26$3,583,922$1,282,009$163,068$2,138,845
27$3,727,279$1,335,051$169,591$2,222,637
28$3,876,370$1,390,214$176,375$2,309,781
29$4,031,425$1,447,585$183,430$2,400,411
30$4,192,682$1,507,250$190,767$2,494,665
Total$75,400,000$26,576,717$3,430,701$45,392,580

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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.