USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 31, 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 $25,000,000 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:Sat, Dec 31, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$23,179$297,013
2$463,583$131,801$24,106$307,675
3$482,126$138,291$25,071$318,764
4$501,411$145,041$26,073$330,296
5$521,467$152,061$27,116$342,290
6$542,326$159,361$28,201$354,764
7$564,019$166,954$29,329$367,736
8$586,580$174,850$30,502$381,228
9$610,043$183,062$31,722$395,258
10$634,445$191,765$32,991$409,689
11$659,823$201,155$34,311$424,357
12$686,215$210,920$35,683$439,612
13$713,664$221,076$37,111$455,478
14$742,211$231,638$38,595$471,978
15$771,899$242,623$40,139$489,137
16$802,775$254,047$41,744$506,984
17$834,886$265,928$43,414$525,544
18$868,281$278,284$45,151$544,846
19$903,013$291,135$46,957$564,921
20$939,133$304,500$48,835$585,799
21$976,699$318,399$50,788$607,512
22$1,015,767$332,854$52,820$630,093
23$1,056,397$347,887$54,933$653,577
24$1,098,653$363,522$57,130$678,001
25$1,142,599$379,782$59,415$703,402
26$1,188,303$396,692$61,792$729,819
27$1,235,835$414,279$64,263$757,293
28$1,285,269$432,570$66,834$785,865
29$1,336,679$451,592$69,507$815,580
30$1,390,147$471,374$72,288$846,484
Total$25,000,000$7,979,004$1,300,000$15,720,995

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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.