Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(5%)	$15,160,000
Net Lumpsum Payment	$175,895,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$492,168	$5,748,815
2	$10,335,816	-$3,784,582 -$516,791	$6,034,443
3	$10,852,476	-$3,975,747 -$542,624	$6,334,105
4	$11,395,296	-$4,176,590 -$569,765	$6,648,941
5	$11,964,930	-$4,387,354 -$598,247	$6,979,329
6	$12,563,340	-$4,608,766 -$628,167	$7,326,407
7	$13,191,180	-$4,841,067 -$659,559	$7,690,554
8	$13,851,066	-$5,085,225 -$692,553	$8,073,288
9	$14,543,652	-$5,341,482 -$727,183	$8,474,987
10	$15,270,900	-$5,610,563 -$763,545	$8,896,792
11	$16,034,118	-$5,892,954 -$801,706	$9,339,458
12	$16,835,922	-$6,189,622 -$841,796	$9,804,504
13	$17,677,620	-$6,501,050 -$883,881	$10,292,689
14	$18,561,828	-$6,828,207 -$928,091	$10,805,530
15	$19,489,854	-$7,171,576 -$974,493	$11,343,785
16	$20,464,314	-$7,532,127 -$1,023,216	$11,908,971
17	$21,487,170	-$7,910,583 -$1,074,359	$12,502,228
18	$22,561,692	-$8,308,156 -$1,128,085	$13,125,451
19	$23,689,842	-$8,725,572 -$1,184,492	$13,779,778
20	$24,874,236	-$9,163,798 -$1,243,712	$14,466,726
21	$26,118,144	-$9,624,044 -$1,305,907	$15,188,193
22	$27,424,182	-$10,107,278 -$1,371,209	$15,945,695
23	$28,794,966	-$10,614,468 -$1,439,748	$16,740,750
24	$30,235,074	-$11,147,308 -$1,511,754	$17,576,012
25	$31,746,468	-$11,706,524 -$1,587,323	$18,452,621
26	$33,334,380	-$12,294,051 -$1,666,719	$19,373,610
27	$35,000,772	-$12,910,616 -$1,750,039	$20,340,117
28	$36,750,876	-$13,558,155 -$1,837,544	$21,355,177
29	$38,588,616	-$14,238,118 -$1,929,431	$22,421,067
30	$40,517,916	-$14,951,959 -$2,025,896	$23,540,061