The jackpot for the Powerball draw on Mon Apr 20, 2026, is projected to be $87 Million, with an option for a cash payout of $39.7 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 Apr 20, 2026 |
|---|
| Draw Date | Mon Apr 20, 2026 | | Projected Jackpot | $87,000,000 | | Cash Value | $39,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $39,700,000 | | Federal Tax(24%) | $9,528,000 | | Additional Federal Tax | $5,121,330 | | State Tax(5%) | $1,985,000 | | Net Lumpsum Payment | $23,065,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,309,437 |
$444,822
$65,472 |
$799,143 |
| 2 |
$1,374,948 |
$469,061
$68,747 |
$837,140 |
| 3 |
$1,443,678 |
$494,491
$72,184 |
$877,003 |
| 4 |
$1,515,888 |
$521,209
$75,794 |
$918,885 |
| 5 |
$1,591,665 |
$549,246
$79,583 |
$962,836 |
| 6 |
$1,671,270 |
$578,700
$83,564 |
$1,009,006 |
| 7 |
$1,754,790 |
$609,603
$87,740 |
$1,057,447 |
| 8 |
$1,842,573 |
$642,082
$92,129 |
$1,108,362 |
| 9 |
$1,934,706 |
$676,172
$96,735 |
$1,161,799 |
| 10 |
$2,031,450 |
$711,967
$101,573 |
$1,217,910 |
| 11 |
$2,132,979 |
$749,533
$106,649 |
$1,276,797 |
| 12 |
$2,239,641 |
$788,998
$111,982 |
$1,338,661 |
| 13 |
$2,351,610 |
$830,426
$117,581 |
$1,403,603 |
| 14 |
$2,469,234 |
$873,947
$123,462 |
$1,471,825 |
| 15 |
$2,592,687 |
$919,625
$129,634 |
$1,543,428 |
| 16 |
$2,722,317 |
$967,588
$136,116 |
$1,618,613 |
| 17 |
$2,858,385 |
$1,017,933
$142,919 |
$1,697,533 |
| 18 |
$3,001,326 |
$1,070,821
$150,066 |
$1,780,439 |
| 19 |
$3,151,401 |
$1,126,349
$157,570 |
$1,867,482 |
| 20 |
$3,308,958 |
$1,184,645
$165,448 |
$1,958,865 |
| 21 |
$3,474,432 |
$1,245,870
$173,722 |
$2,054,840 |
| 22 |
$3,648,171 |
$1,310,154
$182,409 |
$2,155,608 |
| 23 |
$3,830,523 |
$1,377,624
$191,526 |
$2,261,373 |
| 24 |
$4,022,097 |
$1,448,506
$201,105 |
$2,372,486 |
| 25 |
$4,223,154 |
$1,522,897
$211,158 |
$2,489,099 |
| 26 |
$4,434,390 |
$1,601,055
$221,720 |
$2,611,615 |
| 27 |
$4,656,066 |
$1,683,075
$232,803 |
$2,740,188 |
| 28 |
$4,888,878 |
$1,769,215
$244,444 |
$2,875,219 |
| 29 |
$5,133,348 |
$1,859,669
$256,667 |
$3,017,012 |
| 30 |
$5,389,998 |
$1,954,630
$269,500 |
$3,165,868 |
|
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