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Nebraska Powerball Jackpot Annuity Payout Schedule for Feb 28, 2022

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The tax information provided here is based on 2026 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 $64,900,000 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, Feb 28, 2022
Jackpot:$64,900,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$976,838$317,387$44,446$615,005
2$1,025,680$335,459$46,668$643,553
3$1,076,964$354,434$49,002$673,528
4$1,130,812$374,358$51,452$705,003
5$1,187,353$395,278$54,025$738,050
6$1,246,720$417,244$56,726$772,751
7$1,309,057$440,308$59,562$809,186
8$1,374,509$464,526$62,540$847,443
9$1,443,235$489,954$65,667$887,614
10$1,515,397$516,654$68,951$929,792
11$1,591,166$544,689$72,398$974,080
12$1,670,725$574,125$76,018$1,020,581
13$1,754,261$605,034$79,819$1,069,408
14$1,841,974$637,488$83,810$1,120,677
15$1,934,073$671,564$88,000$1,174,508
16$2,030,776$707,345$92,400$1,231,032
17$2,132,315$744,914$97,020$1,290,381
18$2,238,931$784,362$101,871$1,352,698
19$2,350,877$825,782$106,965$1,418,131
20$2,468,421$869,273$112,313$1,486,835
21$2,591,842$914,939$117,929$1,558,975
22$2,721,435$962,888$123,825$1,634,721
23$2,857,506$1,013,235$130,017$1,714,255
24$3,000,382$1,066,098$136,517$1,797,766
25$3,150,401$1,121,605$143,343$1,885,452
26$3,307,921$1,179,888$150,510$1,977,522
27$3,473,317$1,241,084$158,036$2,074,196
28$3,646,982$1,305,341$165,938$2,175,704
29$3,829,332$1,372,810$174,235$2,282,287
30$4,020,798$1,443,653$182,946$2,394,199
Total$64,900,000$22,691,719$2,952,949$39,255,333

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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.