USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for May 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 $51,100,000 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, May 7, 2011
Jackpot:$51,100,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$911,118$295,301$53,209$562,607
2$947,563$308,786$55,338$583,439
3$985,465$322,810$57,551$605,104
4$1,024,884$337,395$59,853$627,636
5$1,065,879$352,563$62,247$651,069
6$1,108,514$368,338$64,737$675,439
7$1,152,855$384,744$67,327$700,784
8$1,198,969$401,806$70,020$727,143
9$1,246,928$419,551$72,821$754,556
10$1,296,805$438,006$75,733$783,066
11$1,348,677$457,198$78,763$812,716
12$1,402,624$477,159$81,913$843,552
13$1,458,729$497,918$85,190$875,622
14$1,517,079$519,507$88,597$908,974
15$1,577,762$541,960$92,141$943,661
16$1,640,872$565,310$95,827$979,735
17$1,706,507$589,595$99,660$1,017,252
18$1,774,767$614,852$103,646$1,056,269
19$1,845,758$641,118$107,792$1,096,848
20$1,919,588$668,435$112,104$1,139,049
21$1,996,372$696,845$116,588$1,182,938
22$2,076,227$726,392$121,252$1,228,583
23$2,159,276$757,120$126,102$1,276,054
24$2,245,647$789,077$131,146$1,325,424
25$2,335,473$822,313$136,392$1,376,768
26$2,428,892$856,878$141,847$1,430,167
27$2,526,047$892,825$147,521$1,485,701
28$2,627,089$930,211$153,422$1,543,456
29$2,732,173$969,092$159,559$1,603,522
30$2,841,460$1,009,528$165,941$1,665,991
Total$51,100,000$17,652,633$2,984,239$30,463,125

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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.