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Nebraska Powerball Jackpot Annuity Payout Schedule for Aug 6, 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 $182,300,000 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, Aug 6, 2011
Jackpot:$182,300,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,250,427$1,158,615$147,894$1,943,917
2$3,380,444$1,206,722$153,810$2,019,912
3$3,515,662$1,256,752$159,963$2,098,947
4$3,656,288$1,308,784$166,361$2,181,143
5$3,802,540$1,362,897$173,016$2,266,627
6$3,954,642$1,419,175$179,936$2,355,531
7$4,112,827$1,477,703$187,134$2,447,990
8$4,277,340$1,538,573$194,619$2,544,148
9$4,448,434$1,601,878$202,404$2,644,152
10$4,626,371$1,667,715$210,500$2,748,157
11$4,811,426$1,736,185$218,920$2,856,321
12$5,003,883$1,807,394$227,677$2,968,812
13$5,204,038$1,881,451$236,784$3,085,803
14$5,412,200$1,958,471$246,255$3,207,474
15$5,628,688$2,038,572$256,105$3,334,011
16$5,853,836$2,121,876$266,350$3,465,610
17$6,087,989$2,208,513$277,003$3,602,472
18$6,331,509$2,298,615$288,084$3,744,809
19$6,584,769$2,392,322$299,607$3,892,840
20$6,848,160$2,489,776$311,591$4,046,792
21$7,122,086$2,591,129$324,055$4,206,902
22$7,406,969$2,696,536$337,017$4,373,416
23$7,703,248$2,806,159$350,498$4,546,591
24$8,011,378$2,920,167$364,518$4,726,693
25$8,331,833$3,038,736$379,098$4,913,999
26$8,665,107$3,162,047$394,262$5,108,798
27$9,011,711$3,290,290$410,033$5,311,388
28$9,372,179$3,423,664$426,434$5,522,082
29$9,747,066$3,562,372$443,492$5,741,203
30$10,136,949$3,706,628$461,231$5,969,090
Total$182,300,000$66,129,717$8,294,651$107,875,630

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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.