USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Dec 5, 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 $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: 6.64%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$459,713$89,148$793,728
2$1,409,717$484,550$93,605$831,562
3$1,480,203$510,630$98,285$871,288
4$1,554,213$538,014$103,200$913,000
5$1,631,924$566,767$108,360$956,797
6$1,713,520$596,958$113,778$1,002,785
7$1,799,196$628,658$119,467$1,051,072
8$1,889,156$661,943$125,440$1,101,773
9$1,983,614$696,892$131,712$1,155,010
10$2,082,795$733,589$138,298$1,210,908
11$2,186,934$772,121$145,212$1,269,601
12$2,296,281$812,579$152,473$1,331,229
13$2,411,095$855,060$160,097$1,395,938
14$2,531,650$899,665$168,102$1,463,883
15$2,658,232$946,501$176,507$1,535,225
16$2,791,144$995,678$185,332$1,610,134
17$2,930,701$1,047,314$194,599$1,688,788
18$3,077,236$1,101,532$204,328$1,771,375
19$3,231,098$1,158,461$214,545$1,858,092
20$3,392,653$1,218,237$225,272$1,949,144
21$3,562,286$1,281,001$236,536$2,044,749
22$3,740,400$1,346,903$248,363$2,145,134
23$3,927,420$1,416,100$260,781$2,250,539
24$4,123,791$1,488,758$273,820$2,361,214
25$4,329,980$1,565,048$287,511$2,477,422
26$4,546,480$1,645,152$301,886$2,599,441
27$4,773,804$1,729,262$316,981$2,727,561
28$5,012,494$1,817,578$332,830$2,862,086
29$5,263,118$1,910,309$349,471$3,003,339
30$5,526,274$2,007,676$366,945$3,151,653
Total$89,200,000$31,892,649$5,922,884$51,384,470

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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.