Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 28, 2026 is estimated to be $43 Million, with a cash option of 19.4 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 Jan 28, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 28, 2026	$43,000,000	$19,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,400,000
Federal Tax(24%)	$4,656,000
Additional Federal Tax	$2,482,330
State Tax(5%)	$970,000
Net Lumpsum Payment	$11,291,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$647,193	-$199,792 -$32,360	$415,041
2	$679,572	-$211,772 -$33,979	$433,821
3	$713,542	-$224,341 -$35,677	$453,524
4	$749,232	-$237,546 -$37,462	$474,224
5	$786,685	-$251,404 -$39,334	$495,947
6	$826,030	-$265,961 -$41,302	$518,767
7	$867,310	-$281,235 -$43,366	$542,709
8	$910,697	-$297,288 -$45,535	$567,874
9	$956,234	-$314,137 -$47,812	$594,285
10	$1,004,050	-$331,829 -$50,203	$622,018
11	$1,054,231	-$350,396 -$52,712	$651,123
12	$1,106,949	-$369,902 -$55,347	$681,700
13	$1,162,290	-$390,378 -$58,115	$713,797
14	$1,220,426	-$411,888 -$61,021	$747,517
15	$1,281,443	-$434,464 -$64,072	$782,907
16	$1,345,513	-$458,170 -$67,276	$820,067
17	$1,412,765	-$483,053 -$70,638	$859,074
18	$1,483,414	-$509,194 -$74,171	$900,049
19	$1,557,589	-$536,638 -$77,879	$943,072
20	$1,635,462	-$565,451 -$81,773	$988,238
21	$1,717,248	-$595,712 -$85,862	$1,035,674
22	$1,803,119	-$627,484 -$90,156	$1,085,479
23	$1,893,247	-$660,832 -$94,662	$1,137,753
24	$1,987,933	-$695,866 -$99,397	$1,192,670
25	$2,087,306	-$732,634 -$104,365	$1,250,307
26	$2,191,710	-$771,263 -$109,586	$1,310,861
27	$2,301,274	-$811,802 -$115,064	$1,374,408
28	$2,416,342	-$854,377 -$120,817	$1,441,148
29	$2,537,172	-$899,084 -$126,859	$1,511,229
30	$2,664,022	-$946,019 -$133,201	$1,584,802