USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Sep 11, 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 $248,300,000 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:Wed, Sep 11, 2013
Jackpot:$248,300,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,427,214$1,594,026$201,438$2,631,749
2$4,604,302$1,659,549$209,496$2,735,257
3$4,788,474$1,727,693$217,876$2,842,906
4$4,980,013$1,798,562$226,591$2,954,860
5$5,179,214$1,872,266$235,654$3,071,293
6$5,386,382$1,948,919$245,080$3,192,383
7$5,601,838$2,028,637$254,884$3,318,317
8$5,825,911$2,111,544$265,079$3,449,288
9$6,058,948$2,197,768$275,682$3,585,498
10$6,301,305$2,287,440$286,709$3,727,156
11$6,553,358$2,380,700$298,178$3,874,480
12$6,815,492$2,477,689$310,105$4,027,698
13$7,088,112$2,578,559$322,509$4,187,044
14$7,371,636$2,683,463$335,409$4,352,764
15$7,666,502$2,792,563$348,826$4,525,113
16$7,973,162$2,906,027$362,779$4,704,356
17$8,292,088$3,024,030$377,290$4,890,768
18$8,623,772$3,146,753$392,382$5,084,637
19$8,968,722$3,274,385$408,077$5,286,261
20$9,327,471$3,407,122$424,400$5,495,950
21$9,700,570$3,545,168$441,376$5,714,026
22$10,088,593$3,688,737$459,031$5,940,825
23$10,492,137$3,838,048$477,392$6,176,697
24$10,911,822$3,993,331$496,488$6,422,003
25$11,348,295$4,154,826$516,347$6,677,121
26$11,802,227$4,322,781$537,001$6,942,444
27$12,274,316$4,497,454$558,481$7,218,380
28$12,765,289$4,679,114$580,821$7,505,354
29$13,275,900$4,868,040$604,053$7,803,806
30$13,806,936$5,064,524$628,216$8,114,197
Total$248,300,000$90,549,718$11,297,650$146,452,631

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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.