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Nebraska Powerball Jackpot Annuity Payout Schedule for Nov 28, 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 $54,800,000 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 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 6.64%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$268,138$54,768$501,913
2$866,060$283,397$57,506$525,156
3$909,363$299,419$60,382$549,562
4$954,831$316,242$63,401$575,188
5$1,002,572$333,907$66,571$602,095
6$1,052,701$352,454$69,899$630,347
7$1,105,336$371,929$73,394$660,012
8$1,160,603$392,378$77,064$691,161
9$1,218,633$413,849$80,917$723,866
10$1,279,564$436,394$84,963$758,208
11$1,343,543$460,066$89,211$794,266
12$1,410,720$484,921$93,672$832,127
13$1,481,256$511,020$98,355$871,881
14$1,555,319$538,423$103,273$913,623
15$1,633,084$567,196$108,437$957,451
16$1,714,739$597,408$113,859$1,003,472
17$1,800,476$629,131$119,552$1,051,793
18$1,890,499$662,440$125,529$1,102,530
19$1,985,024$697,414$131,806$1,155,805
20$2,084,276$734,137$138,396$1,211,743
21$2,188,489$772,696$145,316$1,270,478
22$2,297,914$813,183$152,581$1,332,149
23$2,412,810$855,695$160,211$1,396,904
24$2,533,450$900,332$168,221$1,464,897
25$2,660,123$947,200$176,632$1,536,290
26$2,793,129$996,413$185,464$1,611,252
27$2,932,785$1,048,086$194,737$1,689,963
28$3,079,424$1,102,342$204,474$1,772,609
29$3,233,396$1,159,311$214,697$1,859,387
30$3,395,065$1,219,129$225,432$1,950,504
Total$54,800,000$19,164,650$3,638,720$31,996,632

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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.