USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Mar 29, 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 $37,800,000 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 29, 2008
Jackpot:$37,800,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$673,978$205,329$30,666$437,983
2$700,937$215,304$31,893$453,740
3$728,974$225,678$33,168$470,128
4$758,133$236,467$34,495$487,172
5$788,459$247,687$35,875$504,897
6$819,997$259,356$37,310$523,331
7$852,797$271,492$38,802$542,503
8$886,909$284,113$40,354$562,441
9$922,385$297,240$41,969$583,177
10$959,280$310,891$43,647$604,742
11$997,652$325,088$45,393$627,170
12$1,037,558$339,854$47,209$650,495
13$1,079,060$355,209$49,097$674,753
14$1,122,222$371,180$51,061$699,982
15$1,167,111$387,788$53,104$726,219
16$1,213,796$405,062$55,228$753,506
17$1,262,348$423,026$57,437$781,885
18$1,312,842$441,709$59,734$811,399
19$1,365,355$461,139$62,124$842,093
20$1,419,969$481,346$64,609$874,015
21$1,476,768$502,361$67,193$907,214
22$1,535,839$524,218$69,881$941,741
23$1,597,273$546,948$72,676$977,649
24$1,661,163$570,588$75,583$1,014,993
25$1,727,610$595,173$78,606$1,053,831
26$1,796,714$620,742$81,751$1,094,222
27$1,868,583$647,333$85,021$1,136,229
28$1,943,326$674,988$88,421$1,179,917
29$2,021,059$703,749$91,958$1,225,352
30$2,101,902$733,661$95,637$1,272,604
Total$37,800,000$12,664,719$1,719,902$23,415,383

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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.