The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(5%) | $3,710,000 | | Net Lumpsum Payment | $43,075,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$121,913 |
$1,453,862 |
| 2 |
$2,560,248 |
$907,622
$128,012 |
$1,524,614 |
| 3 |
$2,688,228 |
$954,975
$134,411 |
$1,598,842 |
| 4 |
$2,822,688 |
$1,004,725
$141,134 |
$1,676,829 |
| 5 |
$2,963,790 |
$1,056,933
$148,190 |
$1,758,667 |
| 6 |
$3,112,020 |
$1,111,778
$155,601 |
$1,844,641 |
| 7 |
$3,267,540 |
$1,169,320
$163,377 |
$1,934,843 |
| 8 |
$3,430,998 |
$1,229,800
$171,550 |
$2,029,648 |
| 9 |
$3,602,556 |
$1,293,276
$180,128 |
$2,129,152 |
| 10 |
$3,782,700 |
$1,359,929
$189,135 |
$2,233,636 |
| 11 |
$3,971,754 |
$1,429,879
$198,588 |
$2,343,287 |
| 12 |
$4,170,366 |
$1,503,366
$208,518 |
$2,458,482 |
| 13 |
$4,378,860 |
$1,580,509
$218,943 |
$2,579,408 |
| 14 |
$4,597,884 |
$1,661,547
$229,894 |
$2,706,443 |
| 15 |
$4,827,762 |
$1,746,602
$241,388 |
$2,839,772 |
| 16 |
$5,069,142 |
$1,835,913
$253,457 |
$2,979,772 |
| 17 |
$5,322,510 |
$1,929,659
$266,126 |
$3,126,725 |
| 18 |
$5,588,676 |
$2,028,141
$279,434 |
$3,281,101 |
| 19 |
$5,868,126 |
$2,131,537
$293,406 |
$3,443,183 |
| 20 |
$6,161,508 |
$2,240,088
$308,075 |
$3,613,345 |
| 21 |
$6,469,632 |
$2,354,094
$323,482 |
$3,792,056 |
| 22 |
$6,793,146 |
$2,473,794
$339,657 |
$3,979,695 |
| 23 |
$7,132,698 |
$2,599,429
$356,635 |
$4,176,634 |
| 24 |
$7,489,422 |
$2,731,417
$374,471 |
$4,383,534 |
| 25 |
$7,863,804 |
$2,869,938
$393,190 |
$4,600,676 |
| 26 |
$8,257,140 |
$3,015,472
$412,857 |
$4,828,811 |
| 27 |
$8,669,916 |
$3,168,199
$433,496 |
$5,068,221 |
| 28 |
$9,103,428 |
$3,328,599
$455,171 |
$5,319,658 |
| 29 |
$9,558,648 |
$3,497,030
$477,932 |
$5,583,686 |
| 30 |
$10,036,548 |
$3,673,853
$501,827 |
$5,860,868 |
|
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