USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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The tax information provided here is based on 2025 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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$46,358$558,270
2$927,165$300,071$48,213$578,881
3$964,252$313,793$50,141$600,317
4$1,002,822$328,064$52,147$622,611
5$1,042,935$342,906$54,233$645,796
6$1,084,652$358,342$56,402$669,909
7$1,128,038$374,394$58,658$694,986
8$1,173,160$391,089$61,004$721,066
9$1,220,086$408,452$63,444$748,190
10$1,268,890$426,509$65,982$776,398
11$1,319,645$445,289$68,622$805,735
12$1,372,431$464,820$71,366$836,245
13$1,427,328$485,132$74,221$867,975
14$1,484,421$506,256$77,190$900,975
15$1,543,798$528,226$80,278$935,295
16$1,605,550$551,074$83,489$970,988
17$1,669,772$574,836$86,828$1,008,108
18$1,736,563$599,549$90,301$1,046,713
19$1,806,025$625,250$93,913$1,086,862
20$1,878,266$651,979$97,670$1,128,618
21$1,953,397$679,777$101,577$1,172,043
22$2,031,533$708,687$105,640$1,217,206
23$2,112,794$738,754$109,865$1,264,175
24$2,197,306$770,024$114,260$1,313,023
25$2,285,198$802,544$118,830$1,363,824
26$2,376,606$836,365$123,584$1,416,658
27$2,471,671$871,538$128,527$1,471,605
28$2,570,537$908,119$133,668$1,528,750
29$2,673,359$946,163$139,015$1,588,181
30$2,780,293$985,729$144,575$1,649,989
Total$50,000,000$17,210,608$2,600,001$30,189,392

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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.