USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 10, 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 $47,200,000 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, Jun 10, 2009
Jackpot:$47,200,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$841,581$267,342$38,292$535,947
2$875,244$279,797$39,824$555,623
3$910,254$292,751$41,417$576,086
4$946,664$306,223$43,073$597,368
5$984,530$320,233$44,796$619,501
6$1,023,912$334,805$46,588$642,519
7$1,064,868$349,958$48,451$666,458
8$1,107,463$365,718$50,390$691,355
9$1,151,761$382,109$52,405$717,247
10$1,197,832$399,155$54,501$744,175
11$1,245,745$416,883$56,681$772,181
12$1,295,575$435,320$58,949$801,306
13$1,347,398$454,494$61,307$831,597
14$1,401,294$474,436$63,759$863,099
15$1,457,345$495,175$66,309$895,861
16$1,515,639$516,744$68,962$929,934
17$1,576,265$539,175$71,720$965,370
18$1,639,315$562,504$74,589$1,002,223
19$1,704,888$586,766$77,572$1,040,550
20$1,773,084$611,998$80,675$1,080,410
21$1,844,007$638,240$83,902$1,121,865
22$1,917,767$665,531$87,258$1,164,978
23$1,994,478$693,914$90,749$1,209,815
24$2,074,257$723,432$94,379$1,256,446
25$2,157,227$754,131$98,154$1,304,942
26$2,243,516$786,058$102,080$1,355,378
27$2,333,257$819,262$106,163$1,407,831
28$2,426,587$853,795$110,410$1,462,383
29$2,523,651$889,708$114,826$1,519,117
30$2,624,597$927,058$119,419$1,578,120
Total$47,200,000$16,142,715$2,147,600$28,909,685

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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.