USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Sep 10, 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 $105,000,000 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, Sep 10, 2008
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,872,160$648,657$85,183$1,138,321
2$1,947,047$676,365$88,591$1,182,092
3$2,024,929$705,181$92,134$1,227,614
4$2,105,926$735,150$95,820$1,274,956
5$2,190,163$766,318$99,652$1,324,193
6$2,277,769$798,732$103,639$1,375,399
7$2,368,880$832,443$107,784$1,428,653
8$2,463,635$867,502$112,095$1,484,038
9$2,562,181$903,964$116,579$1,541,637
10$2,664,668$941,884$121,242$1,601,541
11$2,771,255$981,322$126,092$1,663,841
12$2,882,105$1,022,336$131,136$1,728,633
13$2,997,389$1,064,991$136,381$1,796,017
14$3,117,285$1,109,353$141,836$1,866,096
15$3,241,976$1,155,488$147,510$1,938,978
16$3,371,655$1,203,470$153,410$2,014,775
17$3,506,521$1,253,370$159,547$2,093,604
18$3,646,782$1,305,267$165,929$2,175,587
19$3,792,653$1,359,239$172,566$2,260,849
20$3,944,360$1,415,370$179,468$2,349,521
21$4,102,134$1,473,747$186,647$2,441,740
22$4,266,219$1,534,458$194,113$2,537,648
23$4,436,868$1,597,598$201,878$2,637,392
24$4,614,343$1,663,264$209,953$2,741,126
25$4,798,917$1,731,556$218,351$2,849,009
26$4,990,873$1,802,580$227,085$2,961,208
27$5,190,508$1,876,445$236,168$3,077,895
28$5,398,128$1,953,265$245,615$3,199,249
29$5,614,054$2,033,157$255,439$3,325,457
30$5,838,616$2,116,245$265,657$3,456,714
Total$105,000,000$37,528,717$4,777,500$62,693,783

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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.