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Nebraska Powerball Jackpot Annuity Payout Schedule for May 11, 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 $65,200,000 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, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$388,321$67,891$706,310
2$1,209,023$405,526$70,607$732,890
3$1,257,384$423,420$73,431$760,533
4$1,307,680$442,029$76,368$789,282
5$1,359,987$461,383$79,423$819,181
6$1,414,386$481,511$82,600$850,275
7$1,470,962$502,444$85,904$882,614
8$1,529,800$524,214$89,340$916,246
9$1,590,992$546,855$92,914$951,223
10$1,654,632$570,402$96,631$987,600
11$1,720,817$594,890$100,496$1,025,431
12$1,789,650$620,358$104,516$1,064,776
13$1,861,236$646,845$108,696$1,105,695
14$1,935,685$674,391$113,044$1,148,250
15$2,013,113$703,039$117,566$1,192,508
16$2,093,637$732,834$122,268$1,238,535
17$2,177,383$763,819$127,159$1,286,404
18$2,264,478$796,045$132,246$1,336,188
19$2,355,057$829,559$137,535$1,387,963
20$2,449,259$864,414$143,037$1,441,809
21$2,547,230$900,663$148,758$1,497,809
22$2,649,119$938,362$154,709$1,556,049
23$2,755,084$977,569$160,897$1,616,618
24$2,865,287$1,018,344$167,333$1,679,610
25$2,979,899$1,060,750$174,026$1,745,122
26$3,099,095$1,104,853$180,987$1,813,255
27$3,223,058$1,150,719$188,227$1,884,112
28$3,351,981$1,198,421$195,756$1,957,804
29$3,486,060$1,248,030$203,586$2,034,444
30$3,625,502$1,299,624$211,729$2,114,149
Total$65,200,000$22,869,634$3,807,680$38,522,685

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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.