USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 9, 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 $45,000,000 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, Jun 9, 2007
Jackpot:$45,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$802,354$252,828$36,507$513,019
2$834,449$264,703$37,967$531,778
3$867,827$277,053$39,486$551,287
4$902,540$289,897$41,066$571,577
5$938,641$303,255$42,708$592,679
6$976,187$317,146$44,417$614,624
7$1,015,234$331,594$46,193$637,447
8$1,055,844$346,619$48,041$661,183
9$1,098,077$362,246$49,963$685,869
10$1,142,001$378,497$51,961$711,542
11$1,187,681$395,399$54,039$738,242
12$1,235,188$412,977$56,201$766,010
13$1,284,595$431,258$58,449$794,889
14$1,335,979$450,270$60,787$824,923
15$1,389,418$470,042$63,219$856,158
16$1,444,995$490,605$65,747$888,642
17$1,502,795$511,991$68,377$922,426
18$1,562,907$534,233$71,112$957,562
19$1,625,423$557,364$73,957$994,102
20$1,690,440$581,420$76,915$1,032,105
21$1,758,057$606,438$79,992$1,071,627
22$1,828,380$632,458$83,191$1,112,731
23$1,901,515$659,518$86,519$1,155,478
24$1,977,576$687,660$89,980$1,199,936
25$2,056,679$716,928$93,579$1,246,171
26$2,138,946$747,367$97,322$1,294,256
27$2,224,503$779,024$101,215$1,344,265
28$2,313,484$811,946$105,264$1,396,274
29$2,406,023$846,186$109,474$1,450,363
30$2,502,264$881,795$113,853$1,506,616
Total$45,000,000$15,328,717$2,047,501$27,623,781

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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.