USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Nov 21, 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 $20,000,000 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 prize money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Mon, Nov 21, 2022
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 6.64%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,113$19,988$201,927
2$316,080$84,381$20,988$210,711
3$331,884$89,912$22,037$219,935
4$348,478$95,720$23,139$229,619
5$365,902$101,819$24,296$239,788
6$384,197$108,222$25,511$250,465
7$403,407$114,946$26,786$261,675
8$423,578$122,005$28,126$273,447
9$444,757$129,418$29,532$285,807
10$466,994$137,201$31,008$298,785
11$490,344$145,373$32,559$312,412
12$514,861$153,954$34,187$326,720
13$540,604$162,979$35,896$341,730
14$567,635$172,980$37,691$356,964
15$596,016$183,481$39,575$372,960
16$625,817$194,507$41,554$389,755
17$657,108$206,085$43,632$407,391
18$689,963$218,241$45,814$425,908
19$724,461$231,006$48,104$445,351
20$760,685$244,408$50,509$465,767
21$798,719$258,481$53,035$487,203
22$838,655$273,257$55,687$509,711
23$880,587$288,772$58,471$533,344
24$924,617$305,063$61,395$558,159
25$970,848$322,169$64,464$584,215
26$1,019,390$340,129$67,687$611,573
27$1,070,360$358,988$71,072$640,300
28$1,123,878$378,790$74,625$670,462
29$1,180,071$399,581$78,357$702,133
30$1,239,075$421,413$82,275$735,388
Total$20,000,000$6,322,394$1,328,000$12,349,605

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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.