Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 20, 2025 is estimated to be $643 Million, with a cash option of 290.6 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 Aug 20, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 20, 2025	$643,000,000	$290,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$290,600,000
Federal Tax(24%)	$69,744,000
Additional Federal Tax	$37,738,330
State Tax(5%)	$14,530,000
Net Lumpsum Payment	$168,587,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,677,793	-$3,541,114 -$483,890	$5,652,789
2	$10,161,972	-$3,720,260 -$508,099	$5,933,613
3	$10,669,942	-$3,908,209 -$533,497	$6,228,236
4	$11,203,632	-$4,105,674 -$560,182	$6,537,776
5	$11,763,685	-$4,312,894 -$588,184	$6,862,607
6	$12,352,030	-$4,530,581 -$617,602	$7,203,847
7	$12,969,310	-$4,758,975 -$648,466	$7,561,869
8	$13,618,097	-$4,999,026 -$680,905	$7,938,166
9	$14,299,034	-$5,250,973 -$714,952	$8,333,109
10	$15,014,050	-$5,515,529 -$750,703	$8,747,818
11	$15,764,431	-$5,793,170 -$788,222	$9,183,039
12	$16,552,749	-$6,084,848 -$827,637	$9,640,264
13	$17,380,290	-$6,391,038 -$869,015	$10,120,237
14	$18,249,626	-$6,712,692 -$912,481	$10,624,453
15	$19,162,043	-$7,050,286 -$958,102	$11,153,655
16	$20,120,113	-$7,404,772 -$1,006,006	$11,709,335
17	$21,125,765	-$7,776,863 -$1,056,288	$12,292,614
18	$22,182,214	-$8,167,750 -$1,109,111	$12,905,353
19	$23,291,389	-$8,578,144 -$1,164,569	$13,548,676
20	$24,455,862	-$9,008,999 -$1,222,793	$14,224,070
21	$25,678,848	-$9,461,504 -$1,283,942	$14,933,402
22	$26,962,919	-$9,936,610 -$1,348,146	$15,678,163
23	$28,310,647	-$10,435,270 -$1,415,532	$16,459,845
24	$29,726,533	-$10,959,148 -$1,486,327	$17,281,058
25	$31,212,506	-$11,508,958 -$1,560,625	$18,142,923
26	$32,773,710	-$12,086,603 -$1,638,686	$19,048,421
27	$34,412,074	-$12,692,798 -$1,720,604	$19,998,672
28	$36,132,742	-$13,329,445 -$1,806,637	$20,996,660
29	$37,939,572	-$13,997,972 -$1,896,979	$22,044,621
30	$39,836,422	-$14,699,807 -$1,991,821	$23,144,794