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Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 7, 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 $53,200,000 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:Wed, Dec 7, 2011
Jackpot:$53,200,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,561$307,988$49,325$591,248
2$986,504$322,027$51,298$613,179
3$1,025,964$336,627$53,350$635,987
4$1,067,002$351,811$55,484$659,707
5$1,109,683$367,603$57,703$684,376
6$1,154,070$384,026$60,012$710,032
7$1,200,233$401,106$62,412$736,714
8$1,248,242$418,870$64,909$764,464
9$1,298,172$437,344$67,505$793,323
10$1,350,098$456,557$70,205$823,337
11$1,404,102$476,538$73,013$854,551
12$1,460,267$497,319$75,934$887,014
13$1,518,677$518,931$78,971$920,775
14$1,579,424$541,407$82,130$955,887
15$1,642,601$564,783$85,415$992,403
16$1,708,305$589,093$88,832$1,030,380
17$1,776,637$614,376$92,385$1,069,876
18$1,847,703$640,670$96,081$1,110,952
19$1,921,611$668,016$99,924$1,153,671
20$1,998,476$696,456$103,921$1,198,099
21$2,078,415$726,034$108,078$1,244,303
22$2,161,551$756,794$112,401$1,292,356
23$2,248,013$788,785$116,897$1,342,331
24$2,337,934$822,056$121,573$1,394,305
25$2,431,451$856,657$126,435$1,448,358
26$2,528,709$892,643$131,493$1,504,574
27$2,629,857$930,068$136,753$1,563,037
28$2,735,052$968,989$142,223$1,623,840
29$2,844,454$1,009,468$147,912$1,687,074
30$2,958,232$1,051,566$153,828$1,752,838
Total$53,200,000$18,394,608$2,766,402$32,038,991

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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.