The jackpot for the Powerball draw on Sat Oct 17, 2026, is projected to be $600 Million, with an option for a cash payout of $246 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 Sat Oct 17, 2026 |
|---|
| Draw Date | Sat Oct 17, 2026 | | Projected Jackpot | $600,000,000 | | Cash Value | $246,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $246,000,000 | | Federal Tax(24%) | $59,040,000 | | Additional Federal Tax | $31,940,330 | | State Tax(5%) | $12,300,000 | | Net Lumpsum Payment | $142,719,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$451,530 |
$5,277,418 |
| 2 |
$9,482,400 |
$3,468,818
$474,120 |
$5,539,462 |
| 3 |
$9,956,400 |
$3,644,198
$497,820 |
$5,814,382 |
| 4 |
$10,454,400 |
$3,828,458
$522,720 |
$6,103,222 |
| 5 |
$10,977,000 |
$4,021,820
$548,850 |
$6,406,330 |
| 6 |
$11,526,000 |
$4,224,950
$576,300 |
$6,724,750 |
| 7 |
$12,102,000 |
$4,438,070
$605,100 |
$7,058,830 |
| 8 |
$12,707,400 |
$4,662,068
$635,370 |
$7,409,962 |
| 9 |
$13,342,800 |
$4,897,166
$667,140 |
$7,778,494 |
| 10 |
$14,010,000 |
$5,144,030
$700,500 |
$8,165,470 |
| 11 |
$14,710,200 |
$5,403,104
$735,510 |
$8,571,586 |
| 12 |
$15,445,800 |
$5,675,276
$772,290 |
$8,998,234 |
| 13 |
$16,218,000 |
$5,960,990
$810,900 |
$9,446,110 |
| 14 |
$17,029,200 |
$6,261,134
$851,460 |
$9,916,606 |
| 15 |
$17,880,600 |
$6,576,152
$894,030 |
$10,410,418 |
| 16 |
$18,774,600 |
$6,906,932
$938,730 |
$10,928,938 |
| 17 |
$19,713,000 |
$7,254,140
$985,650 |
$11,473,210 |
| 18 |
$20,698,800 |
$7,618,886
$1,034,940 |
$12,044,974 |
| 19 |
$21,733,800 |
$8,001,836
$1,086,690 |
$12,645,274 |
| 20 |
$22,820,400 |
$8,403,878
$1,141,020 |
$13,275,502 |
| 21 |
$23,961,600 |
$8,826,122
$1,198,080 |
$13,937,398 |
| 22 |
$25,159,800 |
$9,269,456
$1,257,990 |
$14,632,354 |
| 23 |
$26,417,400 |
$9,734,768
$1,320,870 |
$15,361,762 |
| 24 |
$27,738,600 |
$10,223,612
$1,386,930 |
$16,128,058 |
| 25 |
$29,125,200 |
$10,736,654
$1,456,260 |
$16,932,286 |
| 26 |
$30,582,000 |
$11,275,670
$1,529,100 |
$17,777,230 |
| 27 |
$32,110,800 |
$11,841,326
$1,605,540 |
$18,663,934 |
| 28 |
$33,716,400 |
$12,435,398
$1,685,820 |
$19,595,182 |
| 29 |
$35,402,400 |
$13,059,218
$1,770,120 |
$20,573,062 |
| 30 |
$37,172,400 |
$13,714,118
$1,858,620 |
$21,599,662 |
|
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