The jackpot for the Powerball draw on Wed May 13, 2026, is projected to be $69 Million, with an option for a cash payout of $31.2 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 Wed May 13, 2026 |
|---|
| Draw Date | Wed May 13, 2026 | | Projected Jackpot | $69,000,000 | | Cash Value | $31,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,200,000 | | Federal Tax(24%) | $7,488,000 | | Additional Federal Tax | $4,016,330 | | State Tax(5%) | $1,560,000 | | Net Lumpsum Payment | $18,135,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,038,519 |
$344,582
$51,926 |
$642,011 |
| 2 |
$1,090,476 |
$363,807
$54,524 |
$672,145 |
| 3 |
$1,144,986 |
$383,975
$57,249 |
$703,762 |
| 4 |
$1,202,256 |
$405,165
$60,113 |
$736,978 |
| 5 |
$1,262,355 |
$427,402
$63,118 |
$771,835 |
| 6 |
$1,325,490 |
$450,762
$66,275 |
$808,453 |
| 7 |
$1,391,730 |
$475,270
$69,587 |
$846,873 |
| 8 |
$1,461,351 |
$501,030
$73,068 |
$887,253 |
| 9 |
$1,534,422 |
$528,067
$76,721 |
$929,634 |
| 10 |
$1,611,150 |
$556,456
$80,558 |
$974,136 |
| 11 |
$1,691,673 |
$586,249
$84,584 |
$1,020,840 |
| 12 |
$1,776,267 |
$617,549
$88,813 |
$1,069,905 |
| 13 |
$1,865,070 |
$650,406
$93,254 |
$1,121,410 |
| 14 |
$1,958,358 |
$684,923
$97,918 |
$1,175,517 |
| 15 |
$2,056,269 |
$721,150
$102,813 |
$1,232,306 |
| 16 |
$2,159,079 |
$759,190
$107,954 |
$1,291,935 |
| 17 |
$2,266,995 |
$799,119
$113,350 |
$1,354,526 |
| 18 |
$2,380,362 |
$841,064
$119,018 |
$1,420,280 |
| 19 |
$2,499,387 |
$885,104
$124,969 |
$1,489,314 |
| 20 |
$2,624,346 |
$931,338
$131,217 |
$1,561,791 |
| 21 |
$2,755,584 |
$979,896
$137,779 |
$1,637,909 |
| 22 |
$2,893,377 |
$1,030,880
$144,669 |
$1,717,828 |
| 23 |
$3,038,001 |
$1,084,391
$151,900 |
$1,801,710 |
| 24 |
$3,189,939 |
$1,140,608
$159,497 |
$1,889,834 |
| 25 |
$3,349,398 |
$1,199,608
$167,470 |
$1,982,320 |
| 26 |
$3,516,930 |
$1,261,594
$175,847 |
$2,079,489 |
| 27 |
$3,692,742 |
$1,326,645
$184,637 |
$2,181,460 |
| 28 |
$3,877,386 |
$1,394,963
$193,869 |
$2,288,554 |
| 29 |
$4,071,276 |
$1,466,703
$203,564 |
$2,401,009 |
| 30 |
$4,274,826 |
$1,542,016
$213,741 |
$2,519,069 |
|
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