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Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 31, 2008

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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 $81,900,000 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, Dec 31, 2008
Jackpot:$81,900,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,460,285$496,263$66,443$897,579
2$1,518,697$517,875$69,101$931,721
3$1,579,444$540,352$71,865$967,228
4$1,642,622$563,727$74,739$1,004,155
5$1,708,327$588,038$77,729$1,042,560
6$1,776,660$613,321$80,838$1,082,501
7$1,847,727$639,616$84,072$1,124,039
8$1,921,636$666,962$87,434$1,167,239
9$1,998,501$695,403$90,932$1,212,167
10$2,078,441$724,980$94,569$1,258,892
11$2,161,579$755,741$98,352$1,307,486
12$2,248,042$787,733$102,286$1,358,023
13$2,337,964$821,004$106,377$1,410,582
14$2,431,482$855,606$110,632$1,465,244
15$2,528,741$891,592$115,058$1,522,092
16$2,629,891$929,017$119,660$1,581,214
17$2,735,087$967,939$124,446$1,642,701
18$2,844,490$1,008,419$129,424$1,706,647
19$2,958,270$1,050,517$134,601$1,773,151
20$3,076,600$1,094,299$139,985$1,842,316
21$3,199,665$1,139,833$145,585$1,914,247
22$3,327,651$1,187,188$151,408$1,989,055
23$3,460,757$1,236,437$157,464$2,066,855
24$3,599,187$1,287,657$163,763$2,147,768
25$3,743,155$1,340,925$170,314$2,231,917
26$3,892,881$1,396,323$177,126$2,319,432
27$4,048,596$1,453,938$184,211$2,410,447
28$4,210,540$1,513,857$191,580$2,505,104
29$4,378,962$1,576,173$199,243$2,603,546
30$4,554,120$1,640,982$207,212$2,705,926
Total$81,900,000$28,981,717$3,726,449$49,191,834

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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.