USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Nov 5, 2022

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The tax information provided here is based on 2024 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 $1,656,800,000 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 money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Sat, Nov 5, 2022
Jackpot:$1,656,800,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$24,937,218$9,184,958$1,456,334$14,295,926
2$26,184,079$9,646,297$1,529,150$15,008,632
3$27,493,282$10,130,702$1,605,608$15,756,972
4$28,867,947$10,639,328$1,685,888$16,542,731
5$30,311,343$11,173,385$1,770,182$17,367,776
6$31,826,911$11,734,145$1,858,692$18,234,075
7$33,418,257$12,322,943$1,951,626$19,143,688
8$35,089,170$12,941,181$2,049,208$20,098,782
9$36,843,628$13,590,330$2,151,668$21,101,630
10$38,685,809$14,271,937$2,259,251$22,154,621
11$40,620,100$14,987,625$2,372,214$23,260,262
12$42,651,105$15,739,097$2,490,825$24,421,184
13$44,783,660$16,528,142$2,615,366$25,640,152
14$47,022,844$17,356,640$2,746,134$26,920,070
15$49,373,985$18,226,562$2,883,441$28,263,982
16$51,842,685$19,139,981$3,027,613$29,675,091
17$54,434,818$20,099,071$3,178,993$31,156,754
18$57,156,560$21,106,115$3,337,943$32,712,502
19$60,014,387$22,163,511$3,504,840$34,346,036
20$63,015,107$23,273,777$3,680,082$36,061,248
21$66,165,862$24,439,557$3,864,086$37,862,219
22$69,474,155$25,663,625$4,057,291$39,753,239
23$72,947,864$26,948,897$4,260,155$41,738,811
24$76,595,256$28,298,432$4,473,163$43,823,660
25$80,425,018$29,715,445$4,696,821$46,012,753
26$84,446,271$31,203,308$4,931,662$48,311,301
27$88,668,584$32,765,564$5,178,245$50,724,775
28$93,102,012$34,405,932$5,437,158$53,258,922
29$97,757,113$36,128,320$5,709,015$55,919,778
30$102,644,970$37,936,827$5,994,466$58,713,677
Total$1,656,800,003$611,761,634$96,757,120$948,281,249

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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.