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Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 2, 2010

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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 $48,900,000 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:Sat, Oct 2, 2010
Jackpot:$48,900,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$871,892$278,557$39,671$553,664
2$906,768$291,461$41,258$574,048
3$943,038$304,881$42,908$595,249
4$980,760$318,838$44,625$617,297
5$1,019,990$333,354$46,410$640,227
6$1,060,790$348,449$48,266$664,074
7$1,103,221$364,149$50,197$688,876
8$1,147,350$380,477$52,204$714,669
9$1,193,244$397,458$54,293$741,494
10$1,240,974$415,118$56,464$769,392
11$1,290,613$433,484$58,723$798,406
12$1,342,237$452,585$61,072$828,581
13$1,395,927$472,450$63,515$859,962
14$1,451,764$493,110$66,055$892,599
15$1,509,835$514,596$68,697$926,541
16$1,570,228$536,942$71,445$961,841
17$1,633,037$560,181$74,303$998,553
18$1,698,359$584,350$77,275$1,036,733
19$1,766,293$609,486$80,366$1,076,441
20$1,836,945$635,627$83,581$1,117,737
21$1,910,422$662,814$86,924$1,160,685
22$1,986,839$691,088$90,401$1,205,350
23$2,066,313$720,493$94,017$1,251,803
24$2,148,965$751,074$97,778$1,300,113
25$2,234,924$782,879$101,689$1,350,356
26$2,324,321$815,956$105,757$1,402,608
27$2,417,294$850,356$109,987$1,456,951
28$2,513,986$886,132$114,386$1,513,467
29$2,614,545$923,339$118,962$1,572,244
30$2,719,127$962,034$123,720$1,633,372
Total$48,900,000$16,771,718$2,224,949$29,903,333

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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.