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Nebraska Powerball Jackpot Annuity Payout Schedule for Oct 2, 2024

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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 $273,500,000 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:Wed, Oct 2, 2024
Jackpot:$273,500,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,116,567$1,481,318$240,408$2,394,842
2$4,322,396$1,557,474$252,428$2,512,494
3$4,538,516$1,637,439$265,049$2,636,028
4$4,765,442$1,721,401$278,302$2,765,739
5$5,003,713$1,809,562$292,217$2,901,935
6$5,253,899$1,902,130$306,828$3,044,941
7$5,516,594$1,999,328$322,169$3,195,098
8$5,792,424$2,101,385$338,278$3,352,762
9$6,082,045$2,208,544$355,191$3,518,309
10$6,386,147$2,321,062$372,951$3,692,134
11$6,705,455$2,439,206$391,599$3,874,650
12$7,040,727$2,563,257$411,178$4,066,292
13$7,392,764$2,693,510$431,737$4,267,516
14$7,762,402$2,830,277$453,324$4,478,801
15$8,150,522$2,973,881$475,990$4,700,651
16$8,558,048$3,124,666$499,790$4,933,593
17$8,985,951$3,282,989$524,780$5,178,182
18$9,435,248$3,449,230$551,018$5,435,000
19$9,907,010$3,623,782$578,569$5,704,659
20$10,402,361$3,807,061$607,498$5,987,802
21$10,922,479$3,999,505$637,873$6,285,101
22$11,468,603$4,201,571$669,766$6,597,266
23$12,042,033$4,413,740$703,255$6,925,038
24$12,644,135$4,636,518$738,417$7,269,200
25$13,276,341$4,870,434$775,338$7,630,569
26$13,940,159$5,116,047$814,105$8,010,007
27$14,637,167$5,373,939$854,811$8,408,417
28$15,369,025$5,644,727$897,551$8,826,747
29$16,137,476$5,929,054$942,429$9,265,994
30$16,944,350$6,227,597$989,550$9,727,203
Total$273,500,001$99,940,634$15,972,399$157,586,970

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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.