The jackpot for the Powerball draw on Wed Aug 19, 2026, is projected to be $48 Million, with an option for a cash payout of $20.8 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 Aug 19, 2026 |
|---|
| Draw Date | Wed Aug 19, 2026 | | Projected Jackpot | $48,000,000 | | Cash Value | $20,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,800,000 | | Federal Tax(24%) | $4,992,000 | | Additional Federal Tax | $2,664,330 | | State Tax(5%) | $1,040,000 | | Net Lumpsum Payment | $12,103,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$722,448 |
$227,636
$36,122 |
$458,690 |
| 2 |
$758,592 |
$241,009
$37,930 |
$479,653 |
| 3 |
$796,512 |
$255,040
$39,826 |
$501,646 |
| 4 |
$836,352 |
$269,781
$41,818 |
$524,753 |
| 5 |
$878,160 |
$285,250
$43,908 |
$549,002 |
| 6 |
$922,080 |
$301,500
$46,104 |
$574,476 |
| 7 |
$968,160 |
$318,550
$48,408 |
$601,202 |
| 8 |
$1,016,592 |
$336,469
$50,830 |
$629,293 |
| 9 |
$1,067,424 |
$355,277
$53,371 |
$658,776 |
| 10 |
$1,120,800 |
$375,026
$56,040 |
$689,734 |
| 11 |
$1,176,816 |
$395,752
$58,841 |
$722,223 |
| 12 |
$1,235,664 |
$417,526
$61,783 |
$756,355 |
| 13 |
$1,297,440 |
$440,383
$64,872 |
$792,185 |
| 14 |
$1,362,336 |
$464,395
$68,117 |
$829,824 |
| 15 |
$1,430,448 |
$489,596
$71,522 |
$869,330 |
| 16 |
$1,501,968 |
$516,059
$75,098 |
$910,811 |
| 17 |
$1,577,040 |
$543,835
$78,852 |
$954,353 |
| 18 |
$1,655,904 |
$573,015
$82,795 |
$1,000,094 |
| 19 |
$1,738,704 |
$603,651
$86,935 |
$1,048,118 |
| 20 |
$1,825,632 |
$635,814
$91,282 |
$1,098,536 |
| 21 |
$1,916,928 |
$669,594
$95,846 |
$1,151,488 |
| 22 |
$2,012,784 |
$705,060
$100,639 |
$1,207,085 |
| 23 |
$2,113,392 |
$742,285
$105,670 |
$1,265,437 |
| 24 |
$2,219,088 |
$781,393
$110,954 |
$1,326,741 |
| 25 |
$2,330,016 |
$822,436
$116,501 |
$1,391,079 |
| 26 |
$2,446,560 |
$865,558
$122,328 |
$1,458,674 |
| 27 |
$2,568,864 |
$910,810
$128,443 |
$1,529,611 |
| 28 |
$2,697,312 |
$958,336
$134,866 |
$1,604,110 |
| 29 |
$2,832,192 |
$1,008,241
$141,610 |
$1,682,341 |
| 30 |
$2,973,792 |
$1,060,633
$148,690 |
$1,764,469 |
|
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