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Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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The tax information provided here is based on 2024 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 $209,200,000 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, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,338,309$217,835$2,173,913
2$3,879,259$1,393,514$226,549$2,259,197
3$4,034,429$1,450,927$235,611$2,347,892
4$4,195,807$1,510,636$245,035$2,440,135
5$4,363,639$1,572,734$254,837$2,536,068
6$4,538,184$1,637,316$265,030$2,635,838
7$4,719,712$1,704,481$275,631$2,739,599
8$4,908,500$1,774,333$286,656$2,847,511
9$5,104,840$1,846,979$298,123$2,959,739
10$5,309,034$1,922,530$310,048$3,076,456
11$5,521,395$2,001,104$322,449$3,197,842
12$5,742,251$2,082,821$335,347$3,324,083
13$5,971,941$2,167,806$348,761$3,455,374
14$6,210,819$2,256,191$362,712$3,591,916
15$6,459,251$2,348,111$377,220$3,733,920
16$6,717,621$2,443,708$392,309$3,881,605
17$6,986,326$2,543,128$408,001$4,035,196
18$7,265,779$2,646,526$424,322$4,194,932
19$7,556,411$2,754,060$441,294$4,361,057
20$7,858,667$2,865,895$458,946$4,533,826
21$8,173,014$2,982,203$477,304$4,713,507
22$8,499,934$3,103,163$496,396$4,900,375
23$8,839,932$3,228,962$516,252$5,094,717
24$9,193,529$3,359,793$536,902$5,296,833
25$9,561,270$3,495,858$558,378$5,507,034
26$9,943,721$3,637,364$580,713$5,725,643
27$10,341,470$3,784,532$603,942$5,952,996
28$10,755,128$3,937,585$628,099$6,189,444
29$11,185,334$4,096,761$653,223$6,435,349
30$11,632,747$4,262,304$679,352$6,691,090
Total$209,200,000$76,149,634$12,217,277$120,833,087

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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.