Jackpot Analysis Nebraska Powerball

Jackpot Analysis for Nebraska Powerball
The jackpot for the Powerball draw on Wed Apr 2, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Apr 2, 2025
Draw DateWed Apr 2, 2025
Projected Jackpot$30,000,000
Cash Value$13,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$13,900,000
Federal Tax(24%)$3,336,000
Additional Federal Tax$1,767,330
State Tax(5%)$695,000
Net Lumpsum Payment$8,101,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $451,530 $127,396
$22,577
$301,557
2 $474,120 $135,755
$23,706
$314,659
3 $497,820 $144,524
$24,891
$328,405
4 $522,720 $153,737
$26,136
$342,847
5 $548,850 $163,405
$27,443
$358,002
6 $576,300 $173,561
$28,815
$373,924
7 $605,100 $184,217
$30,255
$390,628
8 $635,370 $195,417
$31,769
$408,184
9 $667,140 $207,172
$33,357
$426,611
10 $700,500 $219,515
$35,025
$445,960
11 $735,510 $232,469
$36,776
$466,265
12 $772,290 $246,078
$38,615
$487,597
13 $810,900 $260,363
$40,545
$509,992
14 $851,460 $275,371
$42,573
$533,516
15 $894,030 $291,121
$44,702
$558,207
16 $938,730 $307,660
$46,937
$584,133
17 $985,650 $325,021
$49,283
$611,346
18 $1,034,940 $343,258
$51,747
$639,935
19 $1,086,690 $362,406
$54,335
$669,949
20 $1,141,020 $382,508
$57,051
$701,461
21 $1,198,080 $403,620
$59,904
$734,556
22 $1,257,990 $425,787
$62,900
$769,303
23 $1,320,870 $449,052
$66,044
$805,774
24 $1,386,930 $473,494
$69,347
$844,089
25 $1,456,260 $499,147
$72,813
$884,300
26 $1,529,100 $526,097
$76,455
$926,548
27 $1,605,540 $554,380
$80,277
$970,883
28 $1,685,820 $584,084
$84,291
$1,017,445
29 $1,770,120 $615,275
$88,506
$1,066,339
30 $1,858,620 $648,020
$92,931
$1,117,669