USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Apr 21, 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 $258,500,000 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, Apr 21, 2010
Jackpot:$258,500,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,609,081$1,661,317$209,713$2,738,050
2$4,793,444$1,729,531$218,102$2,845,811
3$4,985,182$1,800,474$226,826$2,957,881
4$5,184,589$1,874,255$235,899$3,074,435
5$5,391,972$1,950,987$245,335$3,195,651
6$5,607,651$2,030,788$255,148$3,321,715
7$5,831,957$2,113,781$265,354$3,452,822
8$6,065,236$2,200,094$275,968$3,589,173
9$6,307,845$2,289,860$287,007$3,730,978
10$6,560,159$2,383,216$298,487$3,878,456
11$6,822,565$2,480,306$310,427$4,031,832
12$7,095,468$2,581,280$322,844$4,191,344
13$7,379,287$2,686,293$335,758$4,357,236
14$7,674,458$2,795,507$349,188$4,529,763
15$7,981,436$2,909,089$363,155$4,709,192
16$8,300,694$3,027,214$377,682$4,895,798
17$8,632,722$3,150,064$392,789$5,089,869
18$8,978,030$3,277,829$408,500$5,291,702
19$9,337,152$3,410,703$424,840$5,501,608
20$9,710,638$3,548,893$441,834$5,719,910
21$10,099,063$3,692,611$459,507$5,946,945
22$10,503,026$3,842,077$477,888$6,183,061
23$10,923,147$3,997,522$497,003$6,428,622
24$11,360,073$4,159,184$516,883$6,684,005
25$11,814,476$4,327,313$537,559$6,949,604
26$12,287,055$4,502,167$559,061$7,225,826
27$12,778,537$4,684,016$581,423$7,513,097
28$13,289,678$4,873,138$604,680$7,811,860
29$13,821,265$5,069,825$628,868$8,122,572
30$14,374,116$5,274,380$654,022$8,445,714
Total$258,500,000$94,323,714$11,761,750$152,414,532

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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.