USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jan 4, 2012

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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 $31,700,000 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, Jan 4, 2012
Jackpot:$31,700,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$565,214$168,200$33,009$364,006
2$587,823$176,113$34,329$377,381
3$611,336$184,382$35,702$391,252
4$635,789$193,430$37,130$405,229
5$661,221$202,839$38,615$419,766
6$687,669$212,625$40,160$434,884
7$715,176$222,803$41,766$450,607
8$743,783$233,388$43,437$466,959
9$773,535$244,396$45,174$483,965
10$804,476$255,844$46,981$501,651
11$836,655$267,750$48,861$520,044
12$870,121$280,133$50,815$539,174
13$904,926$293,010$52,848$559,068
14$941,123$306,403$54,962$579,758
15$978,768$320,332$57,160$601,276
16$1,017,919$334,818$59,446$623,655
17$1,058,635$349,883$61,824$646,928
18$1,100,981$365,551$64,297$671,133
19$1,145,020$381,845$66,869$696,306
20$1,190,821$398,792$69,544$722,486
21$1,238,454$416,416$72,326$749,712
22$1,287,992$434,745$75,219$778,028
23$1,339,512$453,807$78,227$807,477
24$1,393,092$473,632$81,357$838,104
25$1,448,816$494,250$84,611$869,955
26$1,506,768$515,692$87,995$903,081
27$1,567,039$537,992$91,515$937,532
28$1,629,721$561,184$95,176$973,361
29$1,694,910$585,304$98,983$1,010,623
30$1,762,706$610,389$102,942$1,049,375
Total$31,700,000$10,475,948$1,851,280$19,372,776

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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.