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Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 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 $89,200,000 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 money, as well as deductions claimed.

State:

Nebraska

Drawing Date:Mon, Dec 5, 2022
Jackpot:$89,200,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$454,945$78,407$809,236
2$1,409,717$479,783$82,327$847,607
3$1,480,203$505,863$86,444$887,896
4$1,554,213$533,247$90,766$930,201
5$1,631,924$562,000$95,304$974,620
6$1,713,520$592,190$100,070$1,021,260
7$1,799,196$623,890$105,073$1,070,233
8$1,889,156$657,176$110,327$1,121,654
9$1,983,614$692,125$115,843$1,175,646
10$2,082,795$728,822$121,635$1,232,338
11$2,186,934$767,353$127,717$1,291,864
12$2,296,281$807,812$134,103$1,354,367
13$2,411,095$850,293$140,808$1,419,994
14$2,531,650$894,898$147,848$1,488,903
15$2,658,232$941,734$155,241$1,561,258
16$2,791,144$990,911$163,003$1,637,230
17$2,930,701$1,042,547$171,153$1,717,001
18$3,077,236$1,096,765$179,711$1,800,761
19$3,231,098$1,153,694$188,696$1,888,708
20$3,392,653$1,213,469$198,131$1,981,053
21$3,562,286$1,276,233$208,037$2,078,015
22$3,740,400$1,342,136$218,439$2,179,825
23$3,927,420$1,411,333$229,361$2,286,726
24$4,123,791$1,483,990$240,829$2,398,971
25$4,329,980$1,560,281$252,871$2,516,829
26$4,546,480$1,640,385$265,514$2,640,580
27$4,773,804$1,724,495$278,790$2,770,518
28$5,012,494$1,812,810$292,730$2,906,954
29$5,263,118$1,905,542$307,366$3,050,211
30$5,526,274$2,002,909$322,734$3,200,631
Total$89,200,000$31,749,631$5,209,278$52,241,090

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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.