The jackpot for the Powerball draw on Mon Jul 20, 2026, is projected to be $544 Million, with an option for a cash payout of $241.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Nebraska residents, the state will deduct 5% from your lottery earnings.
| Nebraska Powerball Jackpot/Cash Option for Mon Jul 20, 2026 |
|---|
| Draw Date | Mon Jul 20, 2026 | | Projected Jackpot | $544,000,000 | | Cash Value | $241,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $241,600,000 | | Federal Tax(24%) | $57,984,000 | | Additional Federal Tax | $31,368,330 | | State Tax(5%) | $12,080,000 | | Net Lumpsum Payment | $140,167,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,187,744 |
$2,989,796
$409,387 |
$4,788,561 |
| 2 |
$8,597,376 |
$3,141,360
$429,869 |
$5,026,147 |
| 3 |
$9,027,136 |
$3,300,371
$451,357 |
$5,275,408 |
| 4 |
$9,478,656 |
$3,467,433
$473,933 |
$5,537,290 |
| 5 |
$9,952,480 |
$3,642,748
$497,624 |
$5,812,108 |
| 6 |
$10,450,240 |
$3,826,919
$522,512 |
$6,100,809 |
| 7 |
$10,972,480 |
$4,020,148
$548,624 |
$6,403,708 |
| 8 |
$11,521,376 |
$4,223,240
$576,069 |
$6,722,067 |
| 9 |
$12,097,472 |
$4,436,395
$604,874 |
$7,056,203 |
| 10 |
$12,702,400 |
$4,660,218
$635,120 |
$7,407,062 |
| 11 |
$13,337,248 |
$4,895,112
$666,862 |
$7,775,274 |
| 12 |
$14,004,192 |
$5,141,881
$700,210 |
$8,162,101 |
| 13 |
$14,704,320 |
$5,400,929
$735,216 |
$8,568,175 |
| 14 |
$15,439,808 |
$5,673,059
$771,990 |
$8,994,759 |
| 15 |
$16,211,744 |
$5,958,676
$810,587 |
$9,442,481 |
| 16 |
$17,022,304 |
$6,258,583
$851,115 |
$9,912,606 |
| 17 |
$17,873,120 |
$6,573,385
$893,656 |
$10,406,079 |
| 18 |
$18,766,912 |
$6,904,088
$938,346 |
$10,924,478 |
| 19 |
$19,705,312 |
$7,251,296
$985,266 |
$11,468,750 |
| 20 |
$20,690,496 |
$7,615,814
$1,034,525 |
$12,040,157 |
| 21 |
$21,725,184 |
$7,998,648
$1,086,259 |
$12,640,277 |
| 22 |
$22,811,552 |
$8,400,605
$1,140,578 |
$13,270,369 |
| 23 |
$23,951,776 |
$8,822,488
$1,197,589 |
$13,931,699 |
| 24 |
$25,149,664 |
$9,265,706
$1,257,483 |
$14,626,475 |
| 25 |
$26,406,848 |
$9,730,864
$1,320,342 |
$15,355,642 |
| 26 |
$27,727,680 |
$10,219,572
$1,386,384 |
$16,121,724 |
| 27 |
$29,113,792 |
$10,732,433
$1,455,690 |
$16,925,669 |
| 28 |
$30,569,536 |
$11,271,059
$1,528,477 |
$17,770,000 |
| 29 |
$32,098,176 |
$11,836,656
$1,604,909 |
$18,656,611 |
| 30 |
$33,702,976 |
$12,430,432
$1,685,149 |
$19,587,395 |
|
|
