USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Mar 20, 2013

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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 $261,600,000 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, Mar 20, 2013
Jackpot:$261,600,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,664,354$1,681,768$212,228$2,770,358
2$4,850,928$1,750,801$220,717$2,879,410
3$5,044,965$1,822,594$229,546$2,992,825
4$5,246,764$1,897,260$238,728$3,110,776
5$5,456,634$1,974,912$248,277$3,233,446
6$5,674,900$2,055,670$258,208$3,361,022
7$5,901,896$2,139,659$268,536$3,493,701
8$6,137,972$2,227,007$279,278$3,631,687
9$6,383,490$2,317,849$290,449$3,775,193
10$6,638,830$2,412,324$302,067$3,924,439
11$6,904,383$2,510,579$314,149$4,079,655
12$7,180,559$2,612,764$326,715$4,241,079
13$7,467,781$2,719,036$339,784$4,408,961
14$7,766,492$2,829,559$353,375$4,583,557
15$8,077,152$2,944,503$367,510$4,765,138
16$8,400,238$3,064,045$382,211$4,953,982
17$8,736,247$3,188,369$397,499$5,150,379
18$9,085,697$3,317,665$413,399$5,354,633
19$9,449,125$3,452,134$429,935$5,567,056
20$9,827,090$3,591,981$447,133$5,787,977
21$10,220,174$3,737,422$465,018$6,017,734
22$10,628,981$3,888,680$483,619$6,256,682
23$11,054,140$4,045,989$502,963$6,505,188
24$11,496,306$4,209,590$523,082$6,763,633
25$11,956,158$4,379,736$544,005$7,032,417
26$12,434,404$4,556,687$565,765$7,311,952
27$12,931,780$4,740,716$588,396$7,602,668
28$13,449,052$4,932,106$611,932$7,905,013
29$13,987,014$5,131,152$636,409$8,219,452
30$14,546,494$5,338,160$661,865$8,546,469
Total$261,600,000$95,470,717$11,902,798$154,226,482

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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.