The jackpot for the Powerball draw on Mon Dec 29, 2025, is projected to be $33 Million, with an option for a cash payout of $15.2 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 Dec 29, 2025 |
|---|
| Draw Date | Mon Dec 29, 2025 | | Projected Jackpot | $33,000,000 | | Cash Value | $15,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,200,000 | | Federal Tax(24%) | $3,648,000 | | Additional Federal Tax | $1,936,330 | | State Tax(5%) | $760,000 | | Net Lumpsum Payment | $8,855,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$496,683 |
$144,103
$24,834 |
$327,746 |
| 2 |
$521,532 |
$153,297
$26,077 |
$342,158 |
| 3 |
$547,602 |
$162,943
$27,380 |
$357,279 |
| 4 |
$574,992 |
$173,077
$28,750 |
$373,165 |
| 5 |
$603,735 |
$183,712
$30,187 |
$389,836 |
| 6 |
$633,930 |
$194,884
$31,697 |
$407,349 |
| 7 |
$665,610 |
$206,606
$33,281 |
$425,723 |
| 8 |
$698,907 |
$218,926
$34,945 |
$445,036 |
| 9 |
$733,854 |
$231,856
$36,693 |
$465,305 |
| 10 |
$770,550 |
$245,434
$38,528 |
$486,588 |
| 11 |
$809,061 |
$259,683
$40,453 |
$508,925 |
| 12 |
$849,519 |
$274,652
$42,476 |
$532,391 |
| 13 |
$891,990 |
$290,367
$44,600 |
$557,023 |
| 14 |
$936,606 |
$306,875
$46,830 |
$582,901 |
| 15 |
$983,433 |
$324,201
$49,172 |
$610,060 |
| 16 |
$1,032,603 |
$342,393
$51,630 |
$638,580 |
| 17 |
$1,084,215 |
$361,490
$54,211 |
$668,514 |
| 18 |
$1,138,434 |
$381,551
$56,922 |
$699,961 |
| 19 |
$1,195,359 |
$402,613
$59,768 |
$732,978 |
| 20 |
$1,255,122 |
$424,726
$62,756 |
$767,640 |
| 21 |
$1,317,888 |
$447,949
$65,894 |
$804,045 |
| 22 |
$1,383,789 |
$472,332
$69,189 |
$842,268 |
| 23 |
$1,452,957 |
$497,924
$72,648 |
$882,385 |
| 24 |
$1,525,623 |
$524,811
$76,281 |
$924,531 |
| 25 |
$1,601,886 |
$553,028
$80,094 |
$968,764 |
| 26 |
$1,682,010 |
$582,674
$84,101 |
$1,015,235 |
| 27 |
$1,766,094 |
$613,785
$88,305 |
$1,064,004 |
| 28 |
$1,854,402 |
$646,459
$92,720 |
$1,115,223 |
| 29 |
$1,947,132 |
$680,769
$97,357 |
$1,169,006 |
| 30 |
$2,044,482 |
$716,789
$102,224 |
$1,225,469 |
|
|
