USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jul 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 $38,600,000 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, Jul 21, 2010
Jackpot:$38,600,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$688,242$210,607$31,315$446,320
2$715,771$220,793$32,568$462,411
3$744,402$231,386$33,870$479,146
4$774,178$242,403$35,225$496,550
5$805,146$253,861$36,634$514,650
6$837,351$265,777$38,099$533,475
7$870,845$278,170$39,623$553,052
8$905,679$291,059$41,208$573,412
9$941,906$304,463$42,857$594,587
10$979,583$318,403$44,571$616,609
11$1,018,766$332,901$46,354$639,511
12$1,059,517$347,978$48,208$663,330
13$1,101,897$363,659$50,136$688,102
14$1,145,973$379,967$52,142$713,864
15$1,191,812$396,928$54,227$740,657
16$1,239,485$414,567$56,397$768,522
17$1,289,064$432,911$58,652$797,501
18$1,340,627$451,989$60,999$827,639
19$1,394,252$471,830$63,438$858,983
20$1,450,022$492,465$65,976$891,580
21$1,508,023$513,926$68,615$925,482
22$1,568,343$536,244$71,360$960,740
23$1,631,077$559,456$74,214$997,407
24$1,696,320$583,596$77,183$1,035,542
25$1,764,173$608,701$80,270$1,075,202
26$1,834,740$634,811$83,481$1,116,448
27$1,908,130$661,965$86,820$1,159,345
28$1,984,455$690,206$90,293$1,203,957
29$2,063,833$719,575$93,904$1,250,353
30$2,146,386$750,120$97,661$1,298,606
Total$38,600,000$12,960,717$1,756,300$23,882,983

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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.