Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jan 5, 2026 is estimated to be $86 Million, with a cash option of 38.8 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Nebraska, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Nebraska Powerball Jackpot/Cash Option for Mon Jan 5, 2026

Draw Date	Jackpot	Cash Option
Mon Jan 5, 2026	$86,000,000	$38,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$38,800,000
Federal Tax(24%)	$9,312,000
Additional Federal Tax	$5,004,330
State Tax(5%)	$1,940,000
Net Lumpsum Payment	$22,543,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,294,386	-$439,253 -$64,719	$790,414
2	$1,359,144	-$463,214 -$67,957	$827,973
3	$1,427,084	-$488,351 -$71,354	$867,379
4	$1,498,464	-$514,762 -$74,923	$908,779
5	$1,573,370	-$542,477 -$78,669	$952,224
6	$1,652,060	-$571,593 -$82,603	$997,864
7	$1,734,620	-$602,140 -$86,731	$1,045,749
8	$1,821,394	-$634,246 -$91,070	$1,096,078
9	$1,912,468	-$667,944 -$95,623	$1,148,901
10	$2,008,100	-$703,327 -$100,405	$1,204,368
11	$2,108,462	-$740,461 -$105,423	$1,262,578
12	$2,213,898	-$779,473 -$110,695	$1,323,730
13	$2,324,580	-$820,425 -$116,229	$1,387,926
14	$2,440,852	-$863,446 -$122,043	$1,455,363
15	$2,562,886	-$908,598 -$128,144	$1,526,144
16	$2,691,026	-$956,010 -$134,551	$1,600,465
17	$2,825,530	-$1,005,776 -$141,277	$1,678,477
18	$2,966,828	-$1,058,057 -$148,341	$1,760,430
19	$3,115,178	-$1,112,946 -$155,759	$1,846,473
20	$3,270,924	-$1,170,572 -$163,546	$1,936,806
21	$3,434,496	-$1,231,094 -$171,725	$2,031,677
22	$3,606,238	-$1,294,638 -$180,312	$2,131,288
23	$3,786,494	-$1,361,333 -$189,325	$2,235,836
24	$3,975,866	-$1,431,401 -$198,793	$2,345,672
25	$4,174,612	-$1,504,937 -$208,731	$2,460,944
26	$4,383,420	-$1,582,196 -$219,171	$2,582,053
27	$4,602,548	-$1,663,273 -$230,127	$2,709,148
28	$4,832,684	-$1,748,423 -$241,634	$2,842,627
29	$5,074,344	-$1,837,838 -$253,717	$2,982,789
30	$5,328,044	-$1,931,707 -$266,402	$3,129,935