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Nebraska Powerball Jackpot Annuity Payout Schedule for Jul 28, 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 $93,100,000 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, Jul 28, 2007
Jackpot:$93,100,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,659,982$570,151$75,529$1,014,302
2$1,726,382$594,718$78,550$1,053,113
3$1,795,437$620,269$81,692$1,093,476
4$1,867,254$646,841$84,960$1,135,453
5$1,941,944$674,477$88,358$1,179,109
6$2,019,622$703,217$91,893$1,224,512
7$2,100,407$733,108$95,569$1,271,731
8$2,184,423$764,194$99,391$1,320,838
9$2,271,800$796,523$103,367$1,371,910
10$2,362,672$830,146$107,502$1,425,025
11$2,457,179$865,114$111,802$1,480,264
12$2,555,466$901,480$116,274$1,537,713
13$2,657,685$939,301$120,925$1,597,460
14$2,763,992$978,634$125,762$1,659,596
15$2,874,552$1,019,542$130,792$1,724,218
16$2,989,534$1,062,085$136,024$1,791,425
17$3,109,116$1,106,330$141,465$1,861,321
18$3,233,480$1,152,345$147,123$1,934,012
19$3,362,819$1,200,200$153,008$2,009,611
20$3,497,332$1,249,970$159,129$2,088,233
21$3,637,225$1,301,731$165,494$2,170,001
22$3,782,714$1,355,562$172,114$2,255,039
23$3,934,023$1,411,546$178,998$2,343,479
24$4,091,384$1,469,769$186,158$2,435,457
25$4,255,039$1,530,322$193,604$2,531,113
26$4,425,241$1,593,296$201,348$2,630,596
27$4,602,251$1,658,790$209,402$2,734,058
28$4,786,341$1,726,903$217,778$2,841,659
29$4,977,794$1,797,741$226,490$2,953,563
30$5,176,906$1,871,412$235,549$3,069,944
Total$93,100,000$33,125,717$4,236,050$55,738,231

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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.