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Nebraska Powerball Jackpot Annuity Payout Schedule for Nov 23, 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 $32,200,000 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 prize money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Wed, Nov 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 6.64%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$143,383$32,181$309,092
2$508,889$151,864$33,790$323,235
3$534,333$160,770$35,480$338,084
4$561,050$170,544$37,254$353,253
5$589,103$180,923$39,116$369,063
6$618,558$191,821$41,072$385,664
7$649,486$203,265$43,126$403,095
8$681,960$215,280$45,282$421,398
9$716,058$227,896$47,546$440,615
10$751,861$241,144$49,924$460,794
11$789,454$255,053$52,420$481,981
12$828,927$269,658$55,041$504,228
13$870,373$284,993$57,793$527,587
14$913,892$301,095$60,682$552,114
15$959,586$318,002$63,717$577,868
16$1,007,565$335,754$66,902$604,909
17$1,057,944$354,394$70,247$633,302
18$1,110,841$373,966$73,760$663,115
19$1,166,383$394,517$77,448$694,418
20$1,224,702$416,095$81,320$727,287
21$1,285,937$438,752$85,386$761,799
22$1,350,234$462,542$89,656$798,037
23$1,417,746$487,521$94,138$836,087
24$1,488,633$513,749$98,845$876,039
25$1,563,065$541,289$103,787$917,988
26$1,641,218$570,206$108,977$962,035
27$1,723,279$600,568$114,426$1,008,285
28$1,809,443$632,449$120,147$1,056,847
29$1,899,915$665,924$126,154$1,107,837
30$1,994,911$701,072$132,462$1,161,377
Total$32,200,000$10,804,489$2,138,079$19,257,433

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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.