USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 28, 2009

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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 $41,900,000 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, Oct 28, 2009
Jackpot:$41,900,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$747,081$232,377$33,992$480,712
2$776,964$243,434$35,352$498,178
3$808,043$254,933$36,766$516,344
4$840,365$266,892$38,237$535,236
5$873,979$279,330$39,766$554,884
6$908,938$292,264$41,357$575,317
7$945,296$305,717$43,011$596,568
8$983,108$319,707$44,731$618,669
9$1,022,432$334,257$46,521$641,654
10$1,063,329$349,389$48,381$665,559
11$1,105,863$365,126$50,317$690,419
12$1,150,097$381,493$52,329$716,275
13$1,196,101$398,515$54,423$743,164
14$1,243,945$416,217$56,599$771,129
15$1,293,703$434,627$58,863$800,212
16$1,345,451$453,774$61,218$830,459
17$1,399,269$473,687$63,667$861,915
18$1,455,240$494,396$66,213$894,630
19$1,513,449$515,934$68,862$928,654
20$1,573,987$538,333$71,616$964,038
21$1,636,947$561,628$74,481$1,000,838
22$1,702,425$585,854$77,460$1,039,110
23$1,770,522$611,050$80,559$1,078,913
24$1,841,343$637,254$83,781$1,120,307
25$1,914,996$664,506$87,132$1,163,358
26$1,991,596$692,848$90,618$1,208,131
27$2,071,260$722,323$94,242$1,254,694
28$2,154,110$752,978$98,012$1,303,120
29$2,240,275$784,859$101,933$1,353,483
30$2,329,886$818,015$106,010$1,405,861
Total$41,900,000$14,181,717$1,906,449$25,811,831

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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.