USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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:Wed, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$466,827$80,283$827,591
2$1,429,689$487,173$83,494$859,022
3$1,486,876$508,332$86,834$891,711
4$1,546,351$530,338$90,307$925,707
5$1,608,205$553,224$93,919$961,062
6$1,672,534$577,025$97,676$997,832
7$1,739,435$601,779$101,583$1,036,073
8$1,809,012$627,522$105,646$1,075,844
9$1,881,373$654,296$109,872$1,117,205
10$1,956,628$682,140$114,267$1,160,221
11$2,034,893$711,098$118,838$1,204,957
12$2,116,288$741,214$123,591$1,251,483
13$2,200,940$772,536$128,535$1,299,870
14$2,288,978$805,109$133,676$1,350,192
15$2,380,537$838,986$139,023$1,402,527
16$2,475,758$874,218$144,584$1,456,956
17$2,574,789$910,860$150,368$1,513,561
18$2,677,780$948,966$156,382$1,572,431
19$2,784,891$988,598$162,638$1,633,656
20$2,896,287$1,029,814$169,143$1,697,330
21$3,012,138$1,072,679$175,909$1,763,551
22$3,132,624$1,117,259$182,945$1,832,420
23$3,257,929$1,163,621$190,263$1,904,044
24$3,388,246$1,211,839$197,874$1,978,534
25$3,523,776$1,261,985$205,789$2,056,003
26$3,664,727$1,314,137$214,020$2,136,570
27$3,811,316$1,368,375$222,581$2,220,360
28$3,963,769$1,424,782$231,484$2,307,502
29$4,122,319$1,483,446$240,743$2,398,130
30$4,287,212$1,544,456$250,373$2,492,383
Total$77,100,000$27,272,634$4,502,640$45,324,728

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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.