USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for May 23, 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 $138,000,000 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, May 23, 2015
Jackpot:$138,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,460,554$866,362$111,955$1,482,236
2$2,558,976$902,778$116,433$1,539,764
3$2,661,335$940,651$121,091$1,599,593
4$2,767,788$980,039$125,934$1,661,815
5$2,878,500$1,021,002$130,972$1,726,526
6$2,993,640$1,063,604$136,211$1,793,825
7$3,113,385$1,107,910$141,659$1,863,816
8$3,237,921$1,153,988$147,325$1,936,607
9$3,367,438$1,201,909$153,218$2,012,310
10$3,502,135$1,251,747$159,347$2,091,041
11$3,642,221$1,303,579$165,721$2,172,921
12$3,787,909$1,357,484$172,350$2,258,076
13$3,939,426$1,413,545$179,244$2,346,637
14$4,097,003$1,471,848$186,414$2,438,741
15$4,260,883$1,532,484$193,870$2,534,529
16$4,431,318$1,595,545$201,625$2,634,148
17$4,608,571$1,661,128$209,690$2,737,752
18$4,792,914$1,729,335$218,078$2,845,501
19$4,984,630$1,800,270$226,801$2,957,559
20$5,184,015$1,874,043$235,873$3,074,100
21$5,391,376$1,950,766$245,308$3,195,302
22$5,607,031$2,030,559$255,120$3,321,352
23$5,831,312$2,113,543$265,325$3,452,445
24$6,064,565$2,199,846$275,938$3,588,781
25$6,307,147$2,289,602$286,975$3,730,570
26$6,559,433$2,382,948$298,454$3,878,032
27$6,821,811$2,480,027$310,392$4,031,391
28$7,094,683$2,580,990$322,808$4,190,885
29$7,378,470$2,685,991$335,720$4,356,759
30$7,673,609$2,795,193$349,149$4,529,267
Total$138,000,000$49,738,716$6,279,000$81,982,281

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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.