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Nebraska Powerball Jackpot Annuity Payout Schedule for Mar 4, 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 $462,700,000 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, Mar 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$406,715$4,022,606
2$7,312,514$2,663,818$427,051$4,221,645
3$7,678,140$2,799,099$448,403$4,430,637
4$8,062,047$2,941,145$470,824$4,650,078
5$8,465,149$3,090,293$494,365$4,880,491
6$8,888,406$3,246,898$519,083$5,122,425
7$9,332,827$3,411,334$545,037$5,376,456
8$9,799,468$3,583,991$572,289$5,643,188
9$10,289,442$3,765,281$600,903$5,923,257
10$10,803,914$3,955,636$630,949$6,217,329
11$11,344,109$4,155,508$662,496$6,526,105
12$11,911,315$4,365,374$695,621$6,850,320
13$12,506,880$4,585,734$730,402$7,190,745
14$13,132,225$4,817,111$766,922$7,548,192
15$13,788,836$5,060,057$805,268$7,923,511
16$14,478,278$5,315,150$845,531$8,317,596
17$15,202,191$5,582,999$887,808$8,731,385
18$15,962,301$5,864,239$932,198$9,165,863
19$16,760,416$6,159,542$978,808$9,622,066
20$17,598,437$6,469,609$1,027,749$10,101,079
21$18,478,359$6,795,180$1,079,136$10,604,042
22$19,402,276$7,137,030$1,133,093$11,132,153
23$20,372,390$7,495,972$1,189,748$11,686,671
24$21,391,010$7,872,861$1,249,235$12,268,913
25$22,460,560$8,268,595$1,311,697$12,880,268
26$23,583,589$8,684,116$1,377,282$13,522,191
27$24,762,768$9,120,412$1,446,146$14,196,210
28$26,000,906$9,578,523$1,518,453$14,903,930
29$27,300,951$10,059,540$1,594,376$15,647,036
30$28,665,999$10,564,607$1,674,094$16,427,297
Total$462,700,001$169,944,632$27,021,682$265,733,685

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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.