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Nebraska Powerball Jackpot Annuity Payout Schedule for Nov 22, 2008

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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 $57,600,000 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 22, 2008
Jackpot:$57,600,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,027,014$337,015$53,405$636,594
2$1,068,094$352,215$55,541$660,338
3$1,110,818$368,023$57,763$685,033
4$1,155,251$384,463$60,073$710,715
5$1,201,461$401,561$62,476$737,424
6$1,249,519$419,342$64,975$765,202
7$1,299,500$437,835$67,574$794,091
8$1,351,480$457,068$70,277$824,135
9$1,405,539$477,070$73,088$855,381
10$1,461,761$497,872$76,012$887,877
11$1,520,231$519,506$79,052$921,673
12$1,581,040$542,005$82,214$956,821
13$1,644,282$565,405$85,503$993,375
14$1,710,053$589,740$88,923$1,031,391
15$1,778,455$615,049$92,480$1,070,927
16$1,849,594$641,370$96,179$1,112,045
17$1,923,577$668,744$100,026$1,154,807
18$2,000,521$697,213$104,027$1,199,281
19$2,080,541$726,821$108,188$1,245,533
20$2,163,763$757,613$112,516$1,293,635
21$2,250,314$789,636$117,016$1,343,661
22$2,340,326$822,941$121,697$1,395,688
23$2,433,939$857,578$126,565$1,449,797
24$2,531,297$893,600$131,627$1,506,069
25$2,632,549$931,063$136,893$1,564,593
26$2,737,850$970,025$142,368$1,625,457
27$2,847,364$1,010,545$148,063$1,688,756
28$2,961,259$1,052,686$153,985$1,754,587
29$3,079,709$1,096,513$160,145$1,823,052
30$3,202,898$1,142,092$166,551$1,894,255
Total$57,600,000$20,022,609$2,995,202$34,582,193

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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.