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Nebraska Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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The tax information provided here is based on 2022 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 $632,600,000 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:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 6.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$651,273$5,384,341
2$9,997,615$3,662,072$683,837$5,651,705
3$10,497,495$3,847,028$718,029$5,932,438
4$11,022,371$4,041,232$753,930$6,227,208
5$11,573,488$4,245,146$791,627$6,536,716
6$12,152,163$4,459,255$831,208$6,861,700
7$12,759,772$4,684,071$872,768$7,202,933
8$13,397,760$4,920,126$916,407$7,561,227
9$14,067,648$5,167,985$962,227$7,937,436
10$14,771,030$5,428,236$1,010,338$8,332,456
11$15,509,582$5,701,500$1,060,855$8,747,226
12$16,285,061$5,988,428$1,113,898$9,182,735
13$17,099,314$6,289,701$1,169,593$9,640,020
14$17,954,280$6,606,039$1,228,073$10,120,169
15$18,851,994$6,938,193$1,289,476$10,624,325
16$19,794,594$7,286,955$1,353,950$11,153,689
17$20,784,323$7,653,154$1,421,648$11,709,521
18$21,823,539$8,037,664$1,492,730$12,293,145
19$22,914,716$8,441,400$1,567,367$12,905,949
20$24,060,452$8,865,322$1,645,735$13,549,395
21$25,263,474$9,310,441$1,728,022$14,225,012
22$26,526,648$9,777,815$1,814,423$14,934,411
23$27,852,981$10,268,558$1,905,144$15,679,279
24$29,245,629$10,783,838$2,000,401$16,461,390
25$30,707,911$11,324,882$2,100,421$17,282,608
26$32,243,307$11,892,979$2,205,442$18,144,886
27$33,855,472$12,489,480$2,315,714$19,050,278
28$35,548,245$13,115,806$2,431,500$20,000,940
29$37,325,658$13,773,448$2,553,075$20,999,134
30$39,191,941$14,463,973$2,680,729$22,047,239
Total$632,600,001$232,950,651$43,269,840$356,379,511

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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.