USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 14, 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 $77,700,000 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, Dec 14, 2011
Jackpot:$77,700,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,385,399$469,618$72,041$843,740
2$1,440,815$490,122$74,922$875,771
3$1,498,447$511,446$77,919$909,082
4$1,558,385$533,623$81,036$943,726
5$1,620,721$556,687$84,277$979,756
6$1,685,549$580,674$87,649$1,017,227
7$1,752,971$605,620$91,155$1,056,197
8$1,823,090$631,564$94,801$1,096,726
9$1,896,014$658,545$98,593$1,138,876
10$1,971,854$686,606$102,536$1,182,712
11$2,050,729$715,790$106,638$1,228,301
12$2,132,758$746,141$110,903$1,275,714
13$2,218,068$777,705$115,340$1,325,023
14$2,306,791$810,533$119,953$1,376,305
15$2,399,062$844,673$124,751$1,429,638
16$2,495,025$880,179$129,741$1,485,104
17$2,594,826$917,106$134,931$1,542,789
18$2,698,619$955,509$140,328$1,602,781
19$2,806,564$995,449$145,941$1,665,173
20$2,918,826$1,036,986$151,779$1,730,061
21$3,035,579$1,080,185$157,850$1,797,545
22$3,157,002$1,125,111$164,164$1,867,727
23$3,283,282$1,171,835$170,731$1,940,717
24$3,414,614$1,220,427$177,560$2,016,626
25$3,551,198$1,270,964$184,662$2,095,572
26$3,693,246$1,323,521$192,049$2,177,676
27$3,840,976$1,378,181$199,731$2,263,064
28$3,994,615$1,435,028$207,720$2,351,867
29$4,154,400$1,494,148$216,029$2,444,223
30$4,320,576$1,555,633$224,670$2,540,272
Total$77,700,000$27,459,609$4,040,400$46,199,991

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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.