USA Mega

Nebraska Powerball Jackpot Annuity Payout Schedule for Sep 24, 2008

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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 $177,200,000 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:Wed, Sep 24, 2008
Jackpot:$177,200,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,159,494$1,124,970$143,757$1,890,767
2$3,285,873$1,171,730$149,507$1,964,636
3$3,417,308$1,220,361$155,488$2,041,459
4$3,554,001$1,270,937$161,707$2,121,356
5$3,696,161$1,323,537$168,175$2,204,449
6$3,844,007$1,378,240$174,902$2,290,865
7$3,997,767$1,435,131$181,898$2,380,738
8$4,157,678$1,494,298$189,174$2,474,206
9$4,323,985$1,555,832$196,741$2,571,412
10$4,496,945$1,619,827$204,611$2,672,507
11$4,676,822$1,686,381$212,795$2,777,645
12$4,863,895$1,755,598$221,307$2,886,989
13$5,058,451$1,827,584$230,160$3,000,707
14$5,260,789$1,902,449$239,366$3,118,974
15$5,471,221$1,980,309$248,941$3,241,971
16$5,690,069$2,061,283$258,898$3,369,888
17$5,917,672$2,145,496$269,254$3,502,922
18$6,154,379$2,233,078$280,024$3,641,277
19$6,400,554$2,324,162$291,225$3,785,167
20$6,656,576$2,418,891$302,874$3,934,812
21$6,922,839$2,517,408$314,989$4,090,442
22$7,199,753$2,619,866$327,589$4,252,298
23$7,487,743$2,726,422$340,692$4,420,629
24$7,787,253$2,837,241$354,320$4,595,692
25$8,098,743$2,952,492$368,493$4,777,758
26$8,422,693$3,072,354$383,233$4,967,107
27$8,759,600$3,197,009$398,562$5,164,029
28$9,109,984$3,326,652$414,504$5,368,829
29$9,474,384$3,461,479$431,084$5,581,820
30$9,853,359$3,601,700$448,328$5,803,331
Total$177,200,000$64,242,717$8,062,598$104,894,682

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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.