USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2022 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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 6.64%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$212,750$1,842,858
2$3,332,232$1,195,881$221,260$1,915,091
3$3,465,521$1,245,198$230,111$1,990,213
4$3,604,142$1,296,487$239,315$2,068,339
5$3,748,307$1,349,829$248,888$2,149,591
6$3,898,240$1,405,304$258,843$2,234,093
7$4,054,169$1,462,998$269,197$2,321,975
8$4,216,336$1,522,999$279,965$2,413,372
9$4,384,989$1,585,401$291,163$2,508,425
10$4,560,389$1,650,299$302,810$2,607,280
11$4,742,805$1,717,793$314,922$2,710,090
12$4,932,517$1,787,986$327,519$2,817,011
13$5,129,817$1,860,987$340,620$2,928,210
14$5,335,010$1,936,909$354,245$3,043,857
15$5,548,411$2,015,867$368,414$3,164,129
16$5,770,347$2,097,983$383,151$3,289,213
17$6,001,161$2,183,384$398,477$3,419,299
18$6,241,207$2,272,202$414,416$3,554,589
19$6,490,856$2,364,572$430,993$3,695,291
20$6,750,490$2,460,636$448,233$3,841,621
21$7,020,509$2,560,543$466,162$3,993,804
22$7,301,330$2,664,447$484,808$4,152,074
23$7,593,383$2,772,507$504,201$4,316,676
24$7,897,118$2,884,889$524,369$4,487,861
25$8,213,003$3,001,766$545,343$4,665,893
26$8,541,523$3,123,319$567,157$4,851,047
27$8,883,184$3,249,733$589,843$5,043,607
28$9,238,511$3,381,204$613,437$5,243,870
29$9,608,052$3,517,934$637,975$5,452,143
30$9,992,374$3,660,133$663,494$5,668,747
Total$179,700,000$65,377,650$11,932,081$102,390,269

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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.