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Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 26, 2011

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The tax information provided here is based on 2025 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 $173,900,000 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, Oct 26, 2011
Jackpot:$173,900,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,100,654$1,104,262$161,234$1,835,158
2$3,224,680$1,150,152$167,683$1,906,845
3$3,353,668$1,197,877$174,391$1,981,400
4$3,487,814$1,247,512$181,366$2,058,936
5$3,627,327$1,299,131$188,621$2,139,575
6$3,772,420$1,352,816$196,166$2,223,438
7$3,923,317$1,408,647$204,012$2,310,657
8$4,080,249$1,466,713$212,173$2,401,364
9$4,243,459$1,527,100$220,660$2,495,699
10$4,413,198$1,589,903$229,486$2,593,808
11$4,589,726$1,655,219$238,666$2,695,841
12$4,773,315$1,723,147$248,212$2,801,956
13$4,964,247$1,793,792$258,141$2,912,315
14$5,162,817$1,867,263$268,466$3,027,088
15$5,369,330$1,943,672$279,205$3,146,452
16$5,584,103$2,023,138$290,373$3,270,591
17$5,807,467$2,105,783$301,988$3,399,696
18$6,039,766$2,191,734$314,068$3,533,964
19$6,281,357$2,281,122$326,631$3,673,604
20$6,532,611$2,374,086$339,696$3,818,829
21$6,793,915$2,470,769$353,284$3,969,863
22$7,065,672$2,571,319$367,415$4,126,938
23$7,348,299$2,675,891$382,112$4,290,296
24$7,642,231$2,784,646$397,396$4,460,189
25$7,947,920$2,897,751$413,292$4,636,877
26$8,265,837$3,015,380$429,824$4,820,633
27$8,596,470$3,137,714$447,016$5,011,740
28$8,940,329$3,264,942$464,897$5,210,490
29$9,297,942$3,397,259$483,493$5,417,190
30$9,669,860$3,534,868$502,833$5,632,159
Total$173,900,000$63,053,608$9,042,800$101,803,591

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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.