USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Apr 16, 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 $42,300,000 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, Apr 16, 2011
Jackpot:$42,300,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$754,213$236,079$39,219$478,915
2$784,382$247,241$40,788$496,352
3$815,757$258,850$42,419$514,487
4$848,387$270,924$44,116$533,348
5$882,323$283,480$45,881$552,962
6$917,616$296,538$47,716$573,362
7$954,320$310,119$49,625$594,577
8$992,493$324,243$51,610$616,641
9$1,032,193$338,932$53,674$639,587
10$1,073,481$354,208$55,821$663,452
11$1,116,420$370,096$58,054$688,270
12$1,161,077$386,619$60,376$714,082
13$1,207,520$403,803$62,791$740,926
14$1,255,820$421,674$65,303$768,844
15$1,306,053$440,260$67,915$797,879
16$1,358,295$459,590$70,631$828,074
17$1,412,627$479,692$73,457$859,478
18$1,469,132$500,599$76,395$892,138
19$1,527,898$522,342$79,451$926,105
20$1,589,013$544,955$82,629$961,430
21$1,652,574$568,473$85,934$998,168
22$1,718,677$592,931$89,371$1,036,375
23$1,787,424$618,367$92,946$1,076,111
24$1,858,921$644,821$96,664$1,117,436
25$1,933,278$672,333$100,530$1,160,414
26$2,010,609$700,946$104,552$1,205,112
27$2,091,033$730,703$108,734$1,251,597
28$2,174,675$761,650$113,083$1,299,942
29$2,261,662$793,835$117,606$1,350,220
30$2,352,128$827,308$122,311$1,402,510
Total$42,300,000$14,361,611$2,199,602$25,738,794

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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.