USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Apr 20, 2011

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The tax information provided here is based on 2026 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 $57,300,000 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:Wed, Apr 20, 2011
Jackpot:$57,300,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,021,665$333,973$46,486$641,206
2$1,062,531$349,094$48,345$665,092
3$1,105,033$364,819$50,279$689,934
4$1,149,234$381,174$52,290$715,770
5$1,195,203$398,182$54,382$742,639
6$1,243,011$415,871$56,557$770,583
7$1,292,732$434,268$58,819$799,644
8$1,344,441$453,400$61,172$829,869
9$1,398,219$473,298$63,619$861,302
10$1,454,147$493,992$66,164$893,992
11$1,512,313$515,513$68,810$927,990
12$1,572,806$537,895$71,563$963,348
13$1,635,718$561,173$74,425$1,000,120
14$1,701,147$585,382$77,402$1,038,363
15$1,769,193$610,559$80,498$1,078,136
16$1,839,960$636,743$83,718$1,119,500
17$1,913,559$663,974$87,067$1,162,518
18$1,990,101$692,295$90,550$1,207,257
19$2,069,705$721,748$94,172$1,253,785
20$2,152,493$752,380$97,938$1,302,175
21$2,238,593$784,237$101,856$1,352,500
22$2,328,137$817,368$105,930$1,404,839
23$2,421,262$851,824$110,167$1,459,271
24$2,518,113$887,659$114,574$1,515,880
25$2,618,837$924,927$119,157$1,574,753
26$2,723,591$963,686$123,923$1,635,982
27$2,832,534$1,003,995$128,880$1,699,659
28$2,945,836$1,045,917$134,036$1,765,884
29$3,063,669$1,089,515$139,397$1,834,757
30$3,186,216$1,134,857$144,973$1,906,386
Total$57,300,000$19,879,718$2,607,149$34,813,134

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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.