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Nebraska Powerball Jackpot Annuity Payout Schedule for Nov 10, 2007

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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 $84,100,000 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, Nov 10, 2007
Jackpot:$84,100,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,499,511$511,839$77,975$909,697
2$1,559,492$534,032$81,094$944,366
3$1,621,871$557,113$84,337$980,421
4$1,686,746$581,116$87,711$1,017,919
5$1,754,216$606,080$91,219$1,056,917
6$1,824,385$632,043$94,868$1,097,474
7$1,897,360$659,044$98,663$1,139,654
8$1,973,255$687,124$102,609$1,183,521
9$2,052,185$716,329$106,714$1,229,143
10$2,134,272$746,701$110,982$1,276,589
11$2,219,643$778,288$115,421$1,325,933
12$2,308,429$811,139$120,038$1,377,252
13$2,400,766$845,304$124,840$1,430,622
14$2,496,797$880,835$129,833$1,486,128
15$2,596,668$917,788$135,027$1,543,854
16$2,700,535$956,218$140,428$1,603,889
17$2,808,557$996,186$146,045$1,666,325
18$2,920,899$1,037,753$151,887$1,731,259
19$3,037,735$1,080,982$157,962$1,798,790
20$3,159,244$1,125,941$164,281$1,869,023
21$3,285,614$1,172,697$170,852$1,942,065
22$3,417,039$1,221,325$177,686$2,018,028
23$3,553,720$1,271,897$184,793$2,097,030
24$3,695,869$1,324,492$192,185$2,179,192
25$3,843,704$1,379,191$199,873$2,264,640
26$3,997,452$1,436,077$207,867$2,353,507
27$4,157,350$1,495,240$216,182$2,445,928
28$4,323,644$1,556,768$224,829$2,542,046
29$4,496,590$1,620,758$233,823$2,642,009
30$4,676,453$1,687,308$243,176$2,745,970
Total$84,100,000$29,827,608$4,373,200$49,899,191

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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.