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Nebraska Powerball Jackpot Annuity Payout Schedule for Feb 12, 2014

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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 $286,100,000 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, Feb 12, 2014
Jackpot:$286,100,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,101,191$1,843,398$232,104$3,025,689
2$5,305,239$1,918,896$241,388$3,144,955
3$5,517,449$1,997,413$251,044$3,268,991
4$5,738,147$2,079,071$261,086$3,397,989
5$5,967,672$2,163,996$271,529$3,532,147
6$6,206,379$2,252,318$282,390$3,671,671
7$6,454,634$2,344,172$293,686$3,816,777
8$6,712,820$2,439,701$305,433$3,967,686
9$6,981,333$2,539,050$317,651$4,124,632
10$7,260,586$2,642,374$330,357$4,287,855
11$7,551,009$2,749,831$343,571$4,457,608
12$7,853,050$2,861,586$357,314$4,634,150
13$8,167,172$2,977,811$371,606$4,817,755
14$8,493,859$3,098,685$386,471$5,008,703
15$8,833,613$3,224,394$401,929$5,207,290
16$9,186,957$3,355,132$418,007$5,413,819
17$9,554,436$3,491,098$434,727$5,628,610
18$9,936,613$3,632,504$452,116$5,851,993
19$10,334,078$3,779,566$470,201$6,084,311
20$10,747,441$3,932,510$489,009$6,325,922
21$11,177,338$4,091,572$508,569$6,577,197
22$11,624,432$4,256,997$528,912$6,838,523
23$12,089,409$4,429,039$550,068$7,110,302
24$12,572,986$4,607,962$572,071$7,392,953
25$13,075,905$4,794,042$594,954$7,686,909
26$13,598,941$4,987,566$618,752$7,992,624
27$14,142,899$5,188,830$643,502$8,310,567
28$14,708,615$5,398,145$669,242$8,641,228
29$15,296,959$5,615,832$696,012$8,985,116
30$15,908,838$5,842,227$723,852$9,342,758
Total$286,100,000$104,535,718$13,017,553$168,546,730

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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.