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Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 30, 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 $301,800,000 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, Dec 30, 2015
Jackpot:$301,800,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,542,523$1,636,691$206,685$2,699,147
2$4,769,649$1,720,727$217,019$2,831,903
3$5,008,132$1,808,966$227,870$2,971,296
4$5,258,538$1,901,616$239,263$3,117,658
5$5,521,465$1,998,899$251,227$3,271,339
6$5,797,538$2,101,046$263,788$3,432,704
7$6,087,416$2,208,301$276,977$3,602,137
8$6,391,786$2,320,918$290,826$3,780,042
9$6,711,376$2,439,166$305,368$3,966,842
10$7,046,944$2,563,327$320,636$4,162,982
11$7,399,292$2,693,695$336,668$4,368,929
12$7,769,256$2,830,582$353,501$4,585,173
13$8,157,719$2,974,313$371,176$4,812,229
14$8,565,605$3,125,231$389,735$5,050,639
15$8,993,885$3,283,695$409,222$5,300,969
16$9,443,579$3,450,082$429,683$5,563,815
17$9,915,758$3,624,788$451,167$5,839,803
18$10,411,546$3,808,229$473,725$6,129,592
19$10,932,123$4,000,843$497,412$6,433,869
20$11,478,730$4,203,087$522,282$6,753,360
21$12,052,666$4,415,444$548,396$7,088,826
22$12,655,299$4,638,418$575,816$7,441,065
23$13,288,064$4,872,541$604,607$7,810,916
24$13,952,468$5,118,370$634,837$8,199,260
25$14,650,091$5,376,491$666,579$8,607,021
26$15,382,596$5,647,518$699,908$9,035,170
27$16,151,725$5,932,096$734,904$9,484,726
28$16,959,311$6,230,902$771,649$9,956,760
29$17,807,277$6,544,650$810,231$10,452,396
30$18,697,641$6,874,084$850,743$10,972,814
Total$301,800,001$110,344,716$13,731,900$177,723,382

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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.