Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 26, 2025 is estimated to be $350 Million, with a cash option of 156.5 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 Sat Jul 26, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 26, 2025	$350,000,000	$156,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$156,500,000
Federal Tax(24%)	$37,560,000
Additional Federal Tax	$20,305,330
State Tax(5%)	$7,825,000
Net Lumpsum Payment	$90,809,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,267,850	-$1,909,435 -$263,393	$3,095,022
2	$5,531,400	-$2,006,948 -$276,570	$3,247,882
3	$5,807,900	-$2,109,253 -$290,395	$3,408,252
4	$6,098,400	-$2,216,738 -$304,920	$3,576,742
5	$6,403,250	-$2,329,533 -$320,163	$3,753,554
6	$6,723,500	-$2,448,025 -$336,175	$3,939,300
7	$7,059,500	-$2,572,345 -$352,975	$4,134,180
8	$7,412,650	-$2,703,011 -$370,633	$4,339,006
9	$7,783,300	-$2,840,151 -$389,165	$4,553,984
10	$8,172,500	-$2,984,155 -$408,625	$4,779,720
11	$8,580,950	-$3,135,282 -$429,048	$5,016,620
12	$9,010,050	-$3,294,049 -$450,503	$5,265,498
13	$9,460,500	-$3,460,715 -$473,025	$5,526,760
14	$9,933,700	-$3,635,799 -$496,685	$5,801,216
15	$10,430,350	-$3,819,560 -$521,518	$6,089,272
16	$10,951,850	-$4,012,515 -$547,593	$6,391,742
17	$11,499,250	-$4,215,053 -$574,963	$6,709,234
18	$12,074,300	-$4,427,821 -$603,715	$7,042,764
19	$12,678,050	-$4,651,209 -$633,903	$7,392,938
20	$13,311,900	-$4,885,733 -$665,595	$7,760,572
21	$13,977,600	-$5,132,042 -$698,880	$8,146,678
22	$14,676,550	-$5,390,654 -$733,828	$8,552,068
23	$15,410,150	-$5,662,086 -$770,508	$8,977,556
24	$16,180,850	-$5,947,245 -$809,043	$9,424,562
25	$16,989,700	-$6,246,519 -$849,485	$9,893,696
26	$17,839,500	-$6,560,945 -$891,975	$10,386,580
27	$18,731,300	-$6,890,911 -$936,565	$10,903,824
28	$19,667,900	-$7,237,453 -$983,395	$11,447,052
29	$20,651,400	-$7,601,348 -$1,032,570	$12,017,482
30	$21,683,900	-$7,983,373 -$1,084,195	$12,616,332