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
3
5
0
Cash Option: $156.5 Million
Next Draw: Sat Jul 26
Powerball
Wed Jul 23, 2025
021819253525

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