The jackpot for the Powerball draw on Sat Aug 16, 2025, is projected to be $565 Million, with an option for a cash payout of $258.8 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 Sat Aug 16, 2025 |
|---|
| Draw Date | Sat Aug 16, 2025 | | Projected Jackpot | $565,000,000 | | Cash Value | $258,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $258,800,000 | | Federal Tax(24%) | $62,112,000 | | Additional Federal Tax | $33,604,330 | | State Tax(5%) | $12,940,000 | | Net Lumpsum Payment | $150,143,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,503,815 |
$3,106,742
$425,191 |
$4,971,882 |
| 2 |
$8,929,260 |
$3,264,157
$446,463 |
$5,218,640 |
| 3 |
$9,375,610 |
$3,429,306
$468,781 |
$5,477,523 |
| 4 |
$9,844,560 |
$3,602,818
$492,228 |
$5,749,514 |
| 5 |
$10,336,675 |
$3,784,900
$516,834 |
$6,034,941 |
| 6 |
$10,853,650 |
$3,976,181
$542,683 |
$6,334,786 |
| 7 |
$11,396,050 |
$4,176,869
$569,803 |
$6,649,378 |
| 8 |
$11,966,135 |
$4,387,800
$598,307 |
$6,980,028 |
| 9 |
$12,564,470 |
$4,609,184
$628,224 |
$7,327,062 |
| 10 |
$13,192,750 |
$4,841,648
$659,638 |
$7,691,464 |
| 11 |
$13,852,105 |
$5,085,609
$692,605 |
$8,073,891 |
| 12 |
$14,544,795 |
$5,341,905
$727,240 |
$8,475,650 |
| 13 |
$15,271,950 |
$5,610,952
$763,598 |
$8,897,400 |
| 14 |
$16,035,830 |
$5,893,587
$801,792 |
$9,340,451 |
| 15 |
$16,837,565 |
$6,190,229
$841,878 |
$9,805,458 |
| 16 |
$17,679,415 |
$6,501,714
$883,971 |
$10,293,730 |
| 17 |
$18,563,075 |
$6,828,668
$928,154 |
$10,806,253 |
| 18 |
$19,491,370 |
$7,172,137
$974,569 |
$11,344,664 |
| 19 |
$20,465,995 |
$7,532,749
$1,023,300 |
$11,909,946 |
| 20 |
$21,489,210 |
$7,911,338
$1,074,461 |
$12,503,411 |
| 21 |
$22,563,840 |
$8,308,951
$1,128,192 |
$13,126,697 |
| 22 |
$23,692,145 |
$8,726,424
$1,184,607 |
$13,781,114 |
| 23 |
$24,876,385 |
$9,164,593
$1,243,819 |
$14,467,973 |
| 24 |
$26,120,515 |
$9,624,921
$1,306,026 |
$15,189,568 |
| 25 |
$27,426,230 |
$10,108,035
$1,371,312 |
$15,946,883 |
| 26 |
$28,798,050 |
$10,615,609
$1,439,903 |
$16,742,538 |
| 27 |
$30,237,670 |
$11,148,268
$1,511,884 |
$17,577,518 |
| 28 |
$31,749,610 |
$11,707,686
$1,587,481 |
$18,454,443 |
| 29 |
$33,337,260 |
$12,295,117
$1,666,863 |
$19,375,280 |
| 30 |
$35,004,010 |
$12,911,814
$1,750,201 |
$20,341,995 |
|
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