Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 2, 2025 is estimated to be $174 Million, with a cash option of 79.7 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 Jul 2, 2025

Draw Date	Jackpot	Cash Option
Wed Jul 2, 2025	$174,000,000	$79,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$79,700,000
Federal Tax(24%)	$19,128,000
Additional Federal Tax	$10,321,330
State Tax(5%)	$3,985,000
Net Lumpsum Payment	$46,265,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,618,874	-$929,314 -$130,944	$1,558,616
2	$2,749,896	-$977,792 -$137,495	$1,634,609
3	$2,887,356	-$1,028,652 -$144,368	$1,714,336
4	$3,031,776	-$1,082,088 -$151,589	$1,798,099
5	$3,183,330	-$1,138,162 -$159,167	$1,886,001
6	$3,342,540	-$1,197,070 -$167,127	$1,978,343
7	$3,509,580	-$1,258,875 -$175,479	$2,075,226
8	$3,685,146	-$1,323,834 -$184,257	$2,177,055
9	$3,869,412	-$1,392,013 -$193,471	$2,283,928
10	$4,062,900	-$1,463,603 -$203,145	$2,396,152
11	$4,265,958	-$1,538,735 -$213,298	$2,513,925
12	$4,479,282	-$1,617,665 -$223,964	$2,637,653
13	$4,703,220	-$1,700,522 -$235,161	$2,767,537
14	$4,938,468	-$1,787,564 -$246,923	$2,903,981
15	$5,185,374	-$1,878,919 -$259,269	$3,047,186
16	$5,444,634	-$1,974,845 -$272,232	$3,197,557
17	$5,716,770	-$2,075,535 -$285,839	$3,355,396
18	$6,002,652	-$2,181,312 -$300,133	$3,521,207
19	$6,302,802	-$2,292,367 -$315,140	$3,695,295
20	$6,617,916	-$2,408,959 -$330,896	$3,878,061
21	$6,948,864	-$2,531,410 -$347,443	$4,070,011
22	$7,296,342	-$2,659,977 -$364,817	$4,271,548
23	$7,661,046	-$2,794,917 -$383,052	$4,483,077
24	$8,044,194	-$2,936,682 -$402,210	$4,705,302
25	$8,446,308	-$3,085,464 -$422,315	$4,938,529
26	$8,868,780	-$3,241,779 -$443,439	$5,183,562
27	$9,312,132	-$3,405,819 -$465,607	$5,440,706
28	$9,777,756	-$3,578,100 -$488,888	$5,710,768
29	$10,266,696	-$3,759,008 -$513,335	$5,994,353
30	$10,779,996	-$3,948,929 -$539,000	$6,292,067