Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 2, 2025 is estimated to be $174 Million, with a cash option of 79.7 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 Wed Jul 2, 2025

Draw Date Jackpot Cash Option
Wed Jul 2, 2025$174,000,000$79,700,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$79,700,000
Federal Tax(24%)$19,128,000
Additional Federal Tax$10,321,330
State Tax(5%)$3,985,000
Net Lumpsum Payment$46,265,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $2,618,874 -$929,314
-$130,944
$1,558,616
2 $2,749,896 -$977,792
-$137,495
$1,634,609
3 $2,887,356 -$1,028,652
-$144,368
$1,714,336
4 $3,031,776 -$1,082,088
-$151,589
$1,798,099
5 $3,183,330 -$1,138,162
-$159,167
$1,886,001
6 $3,342,540 -$1,197,070
-$167,127
$1,978,343
7 $3,509,580 -$1,258,875
-$175,479
$2,075,226
8 $3,685,146 -$1,323,834
-$184,257
$2,177,055
9 $3,869,412 -$1,392,013
-$193,471
$2,283,928
10 $4,062,900 -$1,463,603
-$203,145
$2,396,152
11 $4,265,958 -$1,538,735
-$213,298
$2,513,925
12 $4,479,282 -$1,617,665
-$223,964
$2,637,653
13 $4,703,220 -$1,700,522
-$235,161
$2,767,537
14 $4,938,468 -$1,787,564
-$246,923
$2,903,981
15 $5,185,374 -$1,878,919
-$259,269
$3,047,186
16 $5,444,634 -$1,974,845
-$272,232
$3,197,557
17 $5,716,770 -$2,075,535
-$285,839
$3,355,396
18 $6,002,652 -$2,181,312
-$300,133
$3,521,207
19 $6,302,802 -$2,292,367
-$315,140
$3,695,295
20 $6,617,916 -$2,408,959
-$330,896
$3,878,061
21 $6,948,864 -$2,531,410
-$347,443
$4,070,011
22 $7,296,342 -$2,659,977
-$364,817
$4,271,548
23 $7,661,046 -$2,794,917
-$383,052
$4,483,077
24 $8,044,194 -$2,936,682
-$402,210
$4,705,302
25 $8,446,308 -$3,085,464
-$422,315
$4,938,529
26 $8,868,780 -$3,241,779
-$443,439
$5,183,562
27 $9,312,132 -$3,405,819
-$465,607
$5,440,706
28 $9,777,756 -$3,578,100
-$488,888
$5,710,768
29 $10,266,696 -$3,759,008
-$513,335
$5,994,353
30 $10,779,996 -$3,948,929
-$539,000
$6,292,067
1
7
4
Cash Option: $79.7 Million
Next Draw: Wed Jul 2
Powerball
Mon Jun 30, 2025
132844525506

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