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Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 20, 2015

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The tax information provided here is based on 2025 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 $80,000,000 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, Jun 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 5.2%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$484,791$74,173$867,444
2$1,483,464$505,902$77,140$900,422
3$1,542,803$527,857$80,226$934,720
4$1,604,515$550,691$83,435$970,389
5$1,668,696$574,438$86,772$1,007,486
6$1,735,443$599,134$90,243$1,046,066
7$1,804,861$624,819$93,853$1,086,189
8$1,877,056$651,531$97,607$1,127,918
9$1,952,138$679,311$101,511$1,171,315
10$2,030,223$708,203$105,572$1,216,449
11$2,111,432$738,250$109,794$1,263,388
12$2,195,889$769,499$114,186$1,312,204
13$2,283,725$801,999$118,754$1,362,973
14$2,375,074$835,798$123,504$1,415,773
15$2,470,077$870,949$128,444$1,470,684
16$2,568,880$907,506$133,582$1,527,792
17$2,671,635$945,525$138,925$1,587,185
18$2,778,501$985,066$144,482$1,648,953
19$2,889,641$1,026,187$150,261$1,713,192
20$3,005,226$1,068,954$156,272$1,780,001
21$3,125,435$1,113,431$162,523$1,849,481
22$3,250,453$1,159,688$169,024$1,921,741
23$3,380,471$1,207,795$175,784$1,996,892
24$3,515,690$1,257,825$182,816$2,075,048
25$3,656,317$1,309,858$190,129$2,156,331
26$3,802,570$1,363,971$197,734$2,240,865
27$3,954,673$1,420,249$205,643$2,328,781
28$4,112,860$1,478,778$213,869$2,420,213
29$4,277,374$1,539,649$222,423$2,515,302
30$4,448,469$1,602,954$231,320$2,614,195
Total$80,000,000$28,310,608$4,160,001$47,529,392

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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.