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Nebraska Powerball Jackpot Annuity Payout Schedule for Jan 24, 2007

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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 $254,000,000 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:Wed, Jan 24, 2007
Jackpot:$254,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,528,845$1,631,630$206,062$2,691,153
2$4,709,999$1,698,657$214,305$2,797,037
3$4,898,399$1,768,365$222,877$2,907,157
4$5,094,335$1,840,861$231,792$3,021,682
5$5,298,108$1,916,257$241,064$3,140,787
6$5,510,033$1,994,669$250,706$3,264,657
7$5,730,434$2,076,218$260,735$3,393,481
8$5,959,651$2,161,028$271,164$3,527,459
9$6,198,037$2,249,231$282,011$3,666,796
10$6,445,959$2,340,962$293,291$3,811,706
11$6,703,797$2,436,362$305,023$3,962,412
12$6,971,949$2,535,578$317,224$4,119,147
13$7,250,827$2,638,763$329,913$4,282,151
14$7,540,860$2,746,075$343,109$4,451,675
15$7,842,495$2,857,680$356,834$4,627,981
16$8,156,194$2,973,749$371,107$4,811,338
17$8,482,442$3,094,461$385,951$5,002,030
18$8,821,740$3,220,001$401,389$5,200,350
19$9,174,609$3,350,563$417,445$5,406,602
20$9,541,594$3,486,347$434,143$5,621,104
21$9,923,257$3,627,563$451,508$5,844,187
22$10,320,188$3,774,427$469,569$6,076,193
23$10,732,995$3,927,166$488,351$6,317,479
24$11,162,315$4,086,014$507,885$6,568,416
25$11,608,808$4,251,216$528,201$6,829,391
26$12,073,160$4,423,026$549,329$7,100,805
27$12,556,086$4,601,709$571,302$7,383,075
28$13,058,330$4,787,539$594,154$7,676,637
29$13,580,663$4,980,803$617,920$7,981,940
30$14,123,890$5,181,796$642,637$8,299,456
Total$254,000,000$92,658,716$11,557,001$149,784,284

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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.