Nebraska Lottery

NELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 11, 2025 is estimated to be $244 Million, with a cash option of 114.2 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 Sat Oct 11, 2025

Draw Date	Jackpot	Cash Option
Sat Oct 11, 2025	$244,000,000	$114,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$114,200,000
Federal Tax(24%)	$27,408,000
Additional Federal Tax	$14,806,330
State Tax(5%)	$5,710,000
Net Lumpsum Payment	$66,275,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,672,444	-$1,319,135 -$183,622	$2,169,687
2	$3,856,176	-$1,387,116 -$192,809	$2,276,251
3	$4,048,936	-$1,458,437 -$202,447	$2,388,052
4	$4,251,456	-$1,533,369 -$212,573	$2,505,514
5	$4,463,980	-$1,612,003 -$223,199	$2,628,778
6	$4,687,240	-$1,694,609 -$234,362	$2,758,269
7	$4,921,480	-$1,781,278 -$246,074	$2,894,128
8	$5,167,676	-$1,872,371 -$258,384	$3,036,921
9	$5,426,072	-$1,967,977 -$271,304	$3,186,791
10	$5,697,400	-$2,068,368 -$284,870	$3,344,162
11	$5,982,148	-$2,173,725 -$299,107	$3,509,316
12	$6,281,292	-$2,284,408 -$314,065	$3,682,819
13	$6,595,320	-$2,400,599 -$329,766	$3,864,955
14	$6,925,208	-$2,522,657 -$346,260	$4,056,291
15	$7,271,444	-$2,650,765 -$363,572	$4,257,107
16	$7,635,004	-$2,785,282 -$381,750	$4,467,972
17	$8,016,620	-$2,926,480 -$400,831	$4,689,309
18	$8,417,512	-$3,074,810 -$420,876	$4,921,826
19	$8,838,412	-$3,230,543 -$441,921	$5,165,948
20	$9,280,296	-$3,394,040 -$464,015	$5,422,241
21	$9,744,384	-$3,565,752 -$487,219	$5,691,413
22	$10,231,652	-$3,746,042 -$511,583	$5,974,027
23	$10,743,076	-$3,935,269 -$537,154	$6,270,653
24	$11,280,364	-$4,134,065 -$564,018	$6,582,281
25	$11,844,248	-$4,342,702 -$592,212	$6,909,334
26	$12,436,680	-$4,561,902 -$621,834	$7,252,944
27	$13,058,392	-$4,791,935 -$652,920	$7,613,537
28	$13,711,336	-$5,033,525 -$685,567	$7,992,244
29	$14,396,976	-$5,287,212 -$719,849	$8,389,915
30	$15,116,776	-$5,553,538 -$755,839	$8,807,399