USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Feb 11, 2012

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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 $336,400,000 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, Feb 11, 2012
Jackpot:$336,400,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,998,045$2,175,234$272,911$3,549,900
2$6,237,967$2,264,005$283,828$3,690,135
3$6,487,486$2,356,327$295,181$3,835,978
4$6,746,985$2,452,342$306,988$3,987,656
5$7,016,865$2,552,197$319,267$4,145,400
6$7,297,539$2,656,047$332,038$4,309,454
7$7,589,441$2,764,050$345,320$4,480,071
8$7,893,018$2,876,374$359,132$4,657,512
9$8,208,739$2,993,191$373,498$4,842,051
10$8,537,089$3,114,680$388,438$5,033,971
11$8,878,572$3,241,029$403,975$5,233,568
12$9,233,715$3,372,432$420,134$5,441,149
13$9,603,064$3,509,091$436,939$5,657,034
14$9,987,186$3,651,216$454,417$5,881,553
15$10,386,674$3,799,027$472,594$6,115,054
16$10,802,141$3,952,749$491,497$6,357,894
17$11,234,226$4,112,621$511,157$6,610,448
18$11,683,596$4,278,888$531,604$6,873,104
19$12,150,939$4,451,805$552,868$7,146,267
20$12,636,977$4,631,639$574,982$7,430,356
21$13,142,456$4,818,666$597,982$7,725,808
22$13,668,154$5,013,174$621,901$8,033,079
23$14,214,880$5,215,463$646,777$8,352,640
24$14,783,476$5,425,843$672,648$8,684,984
25$15,374,815$5,644,639$699,554$9,030,622
26$15,989,807$5,872,186$727,536$9,390,085
27$16,629,399$6,108,835$756,638$9,763,927
28$17,294,575$6,354,950$786,903$10,152,722
29$17,986,358$6,610,910$818,379$10,557,069
30$18,705,813$6,877,108$851,114$10,977,590
Total$336,400,000$123,146,718$15,306,200$197,947,081

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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.