Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 9, 2025 is estimated to be $54 Million, with a cash option of 24.3 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 Mon Jun 9, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 9, 2025	$54,000,000	$24,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$24,300,000
Federal Tax(24%)	$5,832,000
Additional Federal Tax	$3,119,330
State Tax(5%)	$1,215,000
Net Lumpsum Payment	$14,133,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$812,754	-$261,049 -$40,638	$511,067
2	$853,416	-$276,094 -$42,671	$534,651
3	$896,076	-$291,879 -$44,804	$559,393
4	$940,896	-$308,462 -$47,045	$585,389
5	$987,930	-$325,864 -$49,397	$612,669
6	$1,037,340	-$344,146 -$51,867	$641,327
7	$1,089,180	-$363,327 -$54,459	$671,394
8	$1,143,666	-$383,487 -$57,183	$702,996
9	$1,200,852	-$404,646 -$60,043	$736,163
10	$1,260,900	-$426,863 -$63,045	$770,992
11	$1,323,918	-$450,180 -$66,196	$807,542
12	$1,390,122	-$474,676 -$69,506	$845,940
13	$1,459,620	-$500,390 -$72,981	$886,249
14	$1,532,628	-$527,403 -$76,631	$928,594
15	$1,609,254	-$555,754 -$80,463	$973,037
16	$1,689,714	-$585,525 -$84,486	$1,019,703
17	$1,774,170	-$616,773 -$88,709	$1,068,688
18	$1,862,892	-$649,600 -$93,145	$1,120,147
19	$1,956,042	-$684,066 -$97,802	$1,174,174
20	$2,053,836	-$720,250 -$102,692	$1,230,894
21	$2,156,544	-$758,252 -$107,827	$1,290,465
22	$2,264,382	-$798,152 -$113,219	$1,353,011
23	$2,377,566	-$840,030 -$118,878	$1,418,658
24	$2,496,474	-$884,026 -$124,824	$1,487,624
25	$2,621,268	-$930,200 -$131,063	$1,560,005
26	$2,752,380	-$978,711 -$137,619	$1,636,050
27	$2,889,972	-$1,029,620 -$144,499	$1,715,853
28	$3,034,476	-$1,083,087 -$151,724	$1,799,665
29	$3,186,216	-$1,139,230 -$159,311	$1,887,675
30	$3,345,516	-$1,198,171 -$167,276	$1,980,069