USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 25, 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 $48,800,000 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, Dec 25, 2010
Jackpot:$48,800,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$870,109$277,898$39,590$552,621
2$904,913$290,775$41,174$572,965
3$941,110$304,168$42,820$594,121
4$978,754$318,096$44,533$616,125
5$1,017,904$332,582$46,315$639,008
6$1,058,620$347,647$48,167$662,806
7$1,100,965$363,314$50,094$687,557
8$1,145,004$379,609$52,098$713,298
9$1,190,804$396,555$54,182$740,068
10$1,238,436$414,179$56,349$767,909
11$1,287,974$432,507$58,603$796,863
12$1,339,493$451,570$60,947$826,976
13$1,393,072$471,394$63,385$858,293
14$1,448,795$492,011$65,920$890,864
15$1,506,747$513,454$68,557$924,736
16$1,567,017$535,753$71,299$959,964
17$1,629,698$558,945$74,151$996,601
18$1,694,885$583,065$77,117$1,034,703
19$1,762,681$608,149$80,202$1,074,330
20$1,833,188$634,237$83,410$1,115,541
21$1,906,516$661,368$86,746$1,158,401
22$1,982,776$689,584$90,216$1,202,975
23$2,062,087$718,930$93,825$1,249,333
24$2,144,571$749,448$97,578$1,297,544
25$2,230,354$781,188$101,481$1,347,684
26$2,319,568$814,197$105,540$1,399,830
27$2,412,350$848,527$109,762$1,454,062
28$2,508,844$884,230$114,152$1,510,462
29$2,609,198$921,361$118,719$1,569,119
30$2,713,566$959,977$123,467$1,630,122
Total$48,800,000$16,734,718$2,220,399$29,844,881

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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.