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Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 23, 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 $96,900,000 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:Wed, Jun 23, 2010
Jackpot:$96,900,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,727,737$595,220$78,612$1,053,905
2$1,796,846$620,790$81,756$1,094,299
3$1,868,720$647,384$85,027$1,136,310
4$1,943,469$675,041$88,428$1,180,000
5$2,021,207$703,804$91,965$1,225,439
6$2,102,056$733,718$95,644$1,272,694
7$2,186,138$764,828$99,469$1,321,840
8$2,273,584$797,183$103,448$1,372,952
9$2,364,527$830,832$107,586$1,426,109
10$2,459,108$865,827$111,889$1,481,391
11$2,557,472$902,222$116,365$1,538,885
12$2,659,771$940,073$121,020$1,598,679
13$2,766,162$979,437$125,860$1,660,864
14$2,876,808$1,020,376$130,895$1,725,537
15$2,991,881$1,062,953$136,131$1,792,797
16$3,111,556$1,107,233$141,576$1,862,747
17$3,236,018$1,153,284$147,239$1,935,495
18$3,365,459$1,201,177$153,128$2,011,154
19$3,500,077$1,250,986$159,254$2,089,838
20$3,640,080$1,302,787$165,624$2,171,670
21$3,785,684$1,356,660$172,249$2,256,775
22$3,937,111$1,412,688$179,139$2,345,284
23$4,094,595$1,470,958$186,304$2,437,334
24$4,258,379$1,531,558$193,756$2,533,065
25$4,428,714$1,594,582$201,507$2,632,626
26$4,605,863$1,660,127$209,567$2,736,170
27$4,790,098$1,728,293$217,949$2,843,855
28$4,981,701$1,799,187$226,667$2,955,847
29$5,180,969$1,872,916$235,734$3,072,319
30$5,388,208$1,949,594$245,163$3,193,450
Total$96,900,000$34,531,718$4,408,951$57,959,330

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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.