USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Mar 11, 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 $32,500,000 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, Mar 11, 2009
Jackpot:$32,500,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$579,478$171,587$26,366$381,525
2$602,657$179,699$27,421$395,537
3$626,764$188,137$28,518$410,109
4$651,834$197,136$29,658$425,040
5$677,908$206,783$30,845$440,280
6$705,024$216,816$32,079$456,129
7$733,225$227,250$33,362$472,613
8$762,554$238,102$34,696$489,755
9$793,056$249,388$36,084$507,584
10$824,778$261,125$37,527$526,126
11$857,769$273,332$39,029$545,409
12$892,080$286,027$40,590$565,464
13$927,763$299,230$42,213$586,320
14$964,874$312,961$43,902$608,012
15$1,003,469$327,241$45,658$630,570
16$1,043,608$342,092$47,484$654,031
17$1,085,352$357,537$49,384$678,431
18$1,128,766$373,601$51,359$703,806
19$1,173,917$390,306$53,413$730,197
20$1,220,873$407,680$55,550$757,643
21$1,269,708$425,749$57,772$786,187
22$1,320,496$444,541$60,083$815,873
23$1,373,316$464,084$62,486$846,746
24$1,428,249$484,409$64,985$878,854
25$1,485,379$505,547$67,585$912,247
26$1,544,794$527,531$70,288$946,975
27$1,606,586$550,394$73,100$983,092
28$1,670,849$574,171$76,024$1,020,654
29$1,737,683$598,900$79,065$1,059,719
30$1,807,191$624,618$82,227$1,100,346
Total$32,500,000$10,705,974$1,478,753$20,315,274

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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.