USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Mar 15, 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 $276,300,000 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, Mar 15, 2008
Jackpot:$276,300,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,926,456$1,778,746$224,154$2,923,557
2$5,123,515$1,851,658$233,120$3,038,737
3$5,328,455$1,927,486$242,445$3,158,525
4$5,541,593$2,006,347$252,143$3,283,104
5$5,763,257$2,088,362$262,228$3,412,667
6$5,993,787$2,173,659$272,717$3,547,412
7$6,233,539$2,262,367$283,626$3,687,546
8$6,482,881$2,354,623$294,971$3,833,286
9$6,742,196$2,450,570$306,770$3,984,856
10$7,011,884$2,550,354$319,041$4,142,489
11$7,292,359$2,654,130$331,802$4,306,427
12$7,584,053$2,762,057$345,074$4,476,922
13$7,887,415$2,874,301$358,877$4,654,237
14$8,202,912$2,991,035$373,232$4,838,645
15$8,531,029$3,112,438$388,162$5,030,429
16$8,872,270$3,238,697$403,688$5,229,884
17$9,227,160$3,370,007$419,836$5,437,318
18$9,596,247$3,506,569$436,629$5,653,049
19$9,980,097$3,648,593$454,094$5,877,409
20$10,379,301$3,796,298$472,258$6,110,744
21$10,794,473$3,949,912$491,149$6,353,412
22$11,226,252$4,109,670$510,794$6,605,787
23$11,675,302$4,275,819$531,226$6,868,257
24$12,142,314$4,448,613$552,475$7,141,225
25$12,628,006$4,628,320$574,574$7,425,112
26$13,133,126$4,815,214$597,557$7,720,355
27$13,658,451$5,009,584$621,460$8,027,408
28$14,204,790$5,211,729$646,318$8,346,742
29$14,772,981$5,421,960$672,171$8,678,850
30$15,363,900$5,640,600$699,057$9,024,243
Total$276,300,000$100,909,718$12,571,648$162,818,634

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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.