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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 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 $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: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,561$309,155$55,396$584,010
2$986,504$323,194$57,612$605,698
3$1,025,964$337,794$59,916$628,253
4$1,067,002$352,979$62,313$651,711
5$1,109,683$368,770$64,805$676,107
6$1,154,070$385,194$67,398$701,479
7$1,200,233$402,274$70,094$727,865
8$1,248,242$420,037$72,897$755,307
9$1,298,172$438,511$75,813$783,847
10$1,350,098$457,724$78,846$813,529
11$1,404,102$477,706$82,000$844,397
12$1,460,267$498,486$85,280$876,501
13$1,518,677$520,098$88,691$909,888
14$1,579,424$542,575$92,238$944,611
15$1,642,601$565,950$95,928$980,723
16$1,708,305$590,261$99,765$1,018,280
17$1,776,637$615,544$103,756$1,057,338
18$1,847,703$641,838$107,906$1,097,959
19$1,921,611$669,184$112,222$1,140,205
20$1,998,476$697,624$116,711$1,184,141
21$2,078,415$727,201$121,379$1,229,834
22$2,161,551$757,962$126,235$1,277,355
23$2,248,013$789,953$131,284$1,326,777
24$2,337,934$823,223$136,535$1,378,175
25$2,431,451$857,825$141,997$1,431,630
26$2,528,709$893,810$147,677$1,487,222
27$2,629,857$931,235$153,584$1,545,039
28$2,735,052$970,157$159,727$1,605,168
29$2,844,454$1,010,636$166,116$1,667,702
30$2,958,232$1,052,734$172,761$1,732,738
Total$53,200,000$18,429,634$3,106,882$31,663,489

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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.