USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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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 $285,600,000 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, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 6.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$294,030$2,450,072
2$4,513,624$1,634,113$308,732$2,570,779
3$4,739,306$1,717,615$324,168$2,697,522
4$4,976,271$1,805,293$340,377$2,830,602
5$5,225,084$1,897,353$357,396$2,970,335
6$5,486,339$1,994,018$375,266$3,117,056
7$5,760,656$2,095,515$394,029$3,271,112
8$6,048,688$2,202,087$413,730$3,432,871
9$6,351,123$2,313,988$434,417$3,602,718
10$6,668,679$2,431,483$456,138$3,781,058
11$7,002,113$2,554,854$478,945$3,968,314
12$7,352,219$2,684,393$502,892$4,164,934
13$7,719,829$2,820,409$528,036$4,371,384
14$8,105,821$2,963,226$554,438$4,588,157
15$8,511,112$3,113,184$582,160$4,815,768
16$8,936,668$3,270,639$611,268$5,054,760
17$9,383,501$3,435,968$641,831$5,305,702
18$9,852,676$3,609,562$673,923$5,569,191
19$10,345,310$3,791,837$707,619$5,845,854
20$10,862,575$3,983,225$743,000$6,136,350
21$11,405,704$4,184,183$780,150$6,441,371
22$11,975,989$4,395,188$819,158$6,761,643
23$12,574,789$4,616,744$860,116$7,097,929
24$13,203,528$4,849,378$903,121$7,451,029
25$13,863,704$5,093,643$948,277$7,821,784
26$14,556,890$5,350,121$995,691$8,211,077
27$15,284,734$5,619,424$1,045,476$8,619,834
28$16,048,971$5,902,191$1,097,750$9,049,030
29$16,851,419$6,199,097$1,152,637$9,499,685
30$17,693,990$6,510,849$1,210,269$9,972,873
Total$285,600,001$104,594,167$19,535,040$161,470,794

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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.