USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Feb 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 $174,400,000 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, Feb 28, 2009
Jackpot:$174,400,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,109,569$1,106,498$141,485$1,861,586
2$3,233,952$1,152,520$147,145$1,934,288
3$3,363,310$1,200,382$153,031$2,009,898
4$3,497,843$1,250,159$159,152$2,088,532
5$3,637,756$1,301,927$165,518$2,170,311
6$3,783,267$1,355,766$172,139$2,255,362
7$3,934,597$1,411,758$179,024$2,343,815
8$4,091,981$1,469,990$186,185$2,435,806
9$4,255,660$1,530,552$193,633$2,531,476
10$4,425,887$1,593,535$201,378$2,630,974
11$4,602,922$1,659,038$209,433$2,734,451
12$4,787,039$1,727,162$217,810$2,842,067
13$4,978,521$1,798,010$226,523$2,953,988
14$5,177,661$1,871,692$235,584$3,070,386
15$5,384,768$1,948,321$245,007$3,191,440
16$5,600,159$2,028,016$254,807$3,317,335
17$5,824,165$2,110,898$265,000$3,448,267
18$6,057,132$2,197,096$275,599$3,584,436
19$6,299,417$2,286,741$286,623$3,726,052
20$6,551,393$2,379,973$298,088$3,873,332
21$6,813,449$2,476,933$310,012$4,026,504
22$7,085,987$2,577,773$322,412$4,185,802
23$7,369,427$2,682,645$335,309$4,351,473
24$7,664,204$2,791,713$348,721$4,523,770
25$7,970,772$2,905,143$362,670$4,702,959
26$8,289,603$3,023,110$377,177$4,889,316
27$8,621,187$3,145,796$392,264$5,083,126
28$8,966,034$3,273,390$407,955$5,284,690
29$9,324,676$3,406,087$424,273$5,494,316
30$9,697,663$3,544,092$441,244$5,712,327
Total$174,400,000$63,206,716$7,935,201$103,258,085

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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.