USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 28, 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 $20,000,000 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 28, 2011
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$356,602$95,185$20,826$240,591
2$370,866$100,178$21,659$249,030
3$385,701$105,370$22,525$257,806
4$401,129$110,770$23,426$266,933
5$417,174$116,386$24,363$276,425
6$433,861$122,226$25,337$286,297
7$451,215$128,300$26,351$296,564
8$469,264$134,617$27,405$307,242
9$488,034$141,187$28,501$318,346
10$507,556$148,019$29,641$329,895
11$527,858$155,125$30,827$341,906
12$548,972$162,515$32,060$354,397
13$570,931$170,201$33,342$367,388
14$593,769$178,194$34,676$380,899
15$617,519$186,670$36,063$394,786
16$642,220$195,809$37,506$408,905
17$667,909$205,314$39,006$423,589
18$694,625$215,199$40,566$438,860
19$722,410$225,480$42,189$454,742
20$751,307$236,171$43,876$471,259
21$781,359$247,291$45,631$488,437
22$812,613$258,855$47,457$506,302
23$845,118$270,881$49,355$524,882
24$878,922$283,389$51,329$544,204
25$914,079$296,397$53,382$564,300
26$950,643$309,925$55,518$585,200
27$988,668$323,995$57,738$606,935
28$1,028,215$338,627$60,048$629,540
29$1,069,344$353,845$62,450$653,049
30$1,112,117$369,671$64,948$677,498
Total$20,000,000$6,185,792$1,168,001$12,646,207

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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.