USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jul 11, 2020

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The tax information provided here is based on 2021 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 $78,300,000 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 prize money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Sat, Jul 11, 2020
Jackpot:$78,300,000
Federal Tax:37% marginal rate
State Tax: 6.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,178,527$400,127$80,611$697,789
2$1,237,454$421,930$84,642$730,882
3$1,299,326$444,823$88,874$765,629
4$1,364,293$468,861$93,318$802,115
5$1,432,507$494,100$97,984$840,424
6$1,504,133$520,601$102,883$880,649
7$1,579,339$548,428$108,027$922,885
8$1,658,306$577,646$113,428$967,233
9$1,741,222$608,324$119,100$1,013,798
10$1,828,283$640,537$125,055$1,062,691
11$1,919,697$674,360$131,307$1,114,030
12$2,015,682$709,874$137,873$1,167,935
13$2,116,466$747,165$144,766$1,224,535
14$2,222,289$786,319$152,005$1,283,965
15$2,333,404$827,432$159,605$1,346,367
16$2,450,074$870,600$167,585$1,411,889
17$2,572,577$915,926$175,964$1,480,687
18$2,701,206$963,519$184,763$1,552,925
19$2,836,267$1,013,491$194,001$1,628,775
20$2,978,080$1,065,962$203,701$1,708,417
21$3,126,984$1,121,056$213,886$1,792,042
22$3,283,333$1,178,906$224,580$1,879,848
23$3,447,500$1,239,647$235,809$1,972,044
24$3,619,875$1,303,426$247,599$2,068,849
25$3,800,869$1,370,394$259,979$2,170,496
26$3,990,912$1,440,710$272,978$2,277,224
27$4,190,458$1,514,542$286,627$2,389,289
28$4,399,980$1,592,065$300,959$2,506,957
29$4,619,979$1,673,465$316,007$2,630,508
30$4,850,978$1,758,934$331,807$2,760,237
Total$78,300,000$27,893,170$5,355,723$45,051,114

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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.