USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Aug 3, 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 $307,300,000 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, Aug 3, 2013
Jackpot:$307,300,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,479,189$1,983,257$249,303$3,246,629
2$5,698,357$2,064,349$259,275$3,374,732
3$5,926,291$2,148,685$269,646$3,507,960
4$6,163,343$2,236,394$280,432$3,646,517
5$6,409,877$2,327,612$291,649$3,790,616
6$6,666,272$2,422,478$303,315$3,940,479
7$6,932,923$2,521,139$315,448$4,096,336
8$7,210,240$2,623,746$328,066$4,258,428
9$7,498,649$2,730,457$341,189$4,427,003
10$7,798,595$2,841,437$354,836$4,602,322
11$8,110,539$2,956,857$369,030$4,784,653
12$8,434,960$3,076,893$383,791$4,974,277
13$8,772,359$3,201,730$399,142$5,171,487
14$9,123,253$3,331,561$415,108$5,376,584
15$9,488,183$3,466,585$431,712$5,589,886
16$9,867,711$3,607,010$448,981$5,811,720
17$10,262,419$3,753,052$466,940$6,042,427
18$10,672,916$3,904,936$485,618$6,282,362
19$11,099,833$4,062,895$505,042$6,531,895
20$11,543,826$4,227,173$525,244$6,791,409
21$12,005,579$4,398,021$546,254$7,061,304
22$12,485,802$4,575,704$568,104$7,341,994
23$12,985,234$4,760,494$590,828$7,633,912
24$13,504,643$4,952,675$614,461$7,937,507
25$14,044,829$5,152,544$639,040$8,253,245
26$14,606,622$5,360,408$664,601$8,581,614
27$15,190,887$5,576,586$691,185$8,923,116
28$15,798,523$5,801,411$718,833$9,278,279
29$16,430,464$6,035,229$747,586$9,647,649
30$17,087,682$6,278,400$777,490$10,031,793
Total$307,300,000$112,379,718$13,982,149$180,938,135

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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.