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Nebraska Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,507,604$190,811$2,495,225
2$4,361,385$1,569,670$198,443$2,593,272
3$4,535,840$1,634,218$206,381$2,695,241
4$4,717,274$1,701,349$214,636$2,801,289
5$4,905,965$1,771,164$223,221$2,911,579
6$5,102,203$1,843,773$232,150$3,026,281
7$5,306,292$1,919,285$241,436$3,145,570
8$5,518,543$1,997,818$251,094$3,269,631
9$5,739,285$2,079,493$261,137$3,398,655
10$5,968,856$2,164,434$271,583$3,532,839
11$6,207,611$2,252,773$282,446$3,672,391
12$6,455,915$2,344,646$293,744$3,817,525
13$6,714,152$2,440,193$305,494$3,968,464
14$6,982,718$2,539,563$317,714$4,125,441
15$7,262,026$2,642,907$330,422$4,288,697
16$7,552,507$2,750,385$343,639$4,458,483
17$7,854,608$2,862,162$357,385$4,635,061
18$8,168,792$2,978,410$371,680$4,818,702
19$8,495,544$3,099,308$386,547$5,009,688
20$8,835,366$3,225,042$402,009$5,208,314
21$9,188,780$3,355,806$418,089$5,414,885
22$9,556,331$3,491,800$434,813$5,629,718
23$9,938,585$3,633,234$452,206$5,853,145
24$10,336,128$3,780,325$470,294$6,085,510
25$10,749,573$3,933,299$489,106$6,327,168
26$11,179,556$4,092,393$508,670$6,578,493
27$11,626,738$4,257,850$529,017$6,839,871
28$12,091,808$4,429,926$550,177$7,111,704
29$12,575,480$4,608,885$572,184$7,394,411
30$13,078,499$4,795,002$595,072$7,688,426
Total$235,200,000$85,702,717$10,701,600$138,795,679

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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.