USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 16, 2021

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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 $41,200,000 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:Wed, Jun 16, 2021
Jackpot:$41,200,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$620,119$185,811$28,215$406,093
2$651,125$196,874$29,626$424,625
3$683,681$208,919$31,108$443,654
4$717,865$221,567$32,663$463,635
5$753,759$234,848$34,296$484,615
6$791,447$248,792$36,011$506,643
7$831,019$263,434$37,811$529,773
8$872,570$278,808$39,702$554,060
9$916,198$294,951$41,687$579,561
10$962,008$311,900$43,771$606,337
11$1,010,109$329,697$45,960$634,451
12$1,060,614$348,384$48,258$663,972
13$1,113,645$368,006$50,671$694,968
14$1,169,327$388,608$53,204$727,514
15$1,227,793$410,241$55,865$761,688
16$1,289,183$432,955$58,658$797,570
17$1,353,642$456,805$61,591$835,247
18$1,421,324$481,847$64,670$874,807
19$1,492,391$508,142$67,904$916,345
20$1,567,010$535,751$71,299$959,960
21$1,645,361$564,741$74,864$1,005,756
22$1,727,629$595,180$78,607$1,053,842
23$1,814,010$627,141$82,537$1,104,332
24$1,904,711$660,700$86,664$1,157,346
25$1,999,946$695,937$90,998$1,213,011
26$2,099,943$732,936$95,547$1,271,460
27$2,204,941$771,785$100,325$1,332,831
28$2,315,188$812,577$105,341$1,397,270
29$2,430,947$855,408$110,608$1,464,931
30$2,552,494$900,380$116,138$1,535,976
Total$41,200,000$13,923,125$1,874,599$25,402,273

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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.