Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Sep 10, 2025 is estimated to be $33 Million, with a cash option of 15.2 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 Sep 10, 2025

Draw Date	Jackpot	Cash Option
Wed Sep 10, 2025	$33,000,000	$15,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$15,200,000
Federal Tax(24%)	$3,648,000
Additional Federal Tax	$1,936,330
State Tax(5%)	$760,000
Net Lumpsum Payment	$8,855,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$496,683	-$144,103 -$24,834	$327,746
2	$521,532	-$153,297 -$26,077	$342,158
3	$547,602	-$162,943 -$27,380	$357,279
4	$574,992	-$173,077 -$28,750	$373,165
5	$603,735	-$183,712 -$30,187	$389,836
6	$633,930	-$194,884 -$31,697	$407,349
7	$665,610	-$206,606 -$33,281	$425,723
8	$698,907	-$218,926 -$34,945	$445,036
9	$733,854	-$231,856 -$36,693	$465,305
10	$770,550	-$245,434 -$38,528	$486,588
11	$809,061	-$259,683 -$40,453	$508,925
12	$849,519	-$274,652 -$42,476	$532,391
13	$891,990	-$290,367 -$44,600	$557,023
14	$936,606	-$306,875 -$46,830	$582,901
15	$983,433	-$324,201 -$49,172	$610,060
16	$1,032,603	-$342,393 -$51,630	$638,580
17	$1,084,215	-$361,490 -$54,211	$668,514
18	$1,138,434	-$381,551 -$56,922	$699,961
19	$1,195,359	-$402,613 -$59,768	$732,978
20	$1,255,122	-$424,726 -$62,756	$767,640
21	$1,317,888	-$447,949 -$65,894	$804,045
22	$1,383,789	-$472,332 -$69,189	$842,268
23	$1,452,957	-$497,924 -$72,648	$882,385
24	$1,525,623	-$524,811 -$76,281	$924,531
25	$1,601,886	-$553,028 -$80,094	$968,764
26	$1,682,010	-$582,674 -$84,101	$1,015,235
27	$1,766,094	-$613,785 -$88,305	$1,064,004
28	$1,854,402	-$646,459 -$92,720	$1,115,223
29	$1,947,132	-$680,769 -$97,357	$1,169,006
30	$2,044,482	-$716,789 -$102,224	$1,225,469