The jackpot for the Powerball draw on Mon Jun 23, 2025, is projected to be $128 Million, with an option for a cash payout of $57.6 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 Mon Jun 23, 2025 |
|---|
| Draw Date | Mon Jun 23, 2025 | | Projected Jackpot | $128,000,000 | | Cash Value | $57,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,600,000 | | Federal Tax(24%) | $13,824,000 | | Additional Federal Tax | $7,448,330 | | State Tax(5%) | $2,880,000 | | Net Lumpsum Payment | $33,447,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,926,528 |
$673,146
$96,326 |
$1,157,056 |
| 2 |
$2,022,912 |
$708,808
$101,146 |
$1,212,958 |
| 3 |
$2,124,032 |
$746,222
$106,202 |
$1,271,608 |
| 4 |
$2,230,272 |
$785,531
$111,514 |
$1,333,227 |
| 5 |
$2,341,760 |
$826,782
$117,088 |
$1,397,890 |
| 6 |
$2,458,880 |
$870,116
$122,944 |
$1,465,820 |
| 7 |
$2,581,760 |
$915,582
$129,088 |
$1,537,090 |
| 8 |
$2,710,912 |
$963,368
$135,546 |
$1,611,998 |
| 9 |
$2,846,464 |
$1,013,522
$142,323 |
$1,690,619 |
| 10 |
$2,988,800 |
$1,066,186
$149,440 |
$1,773,174 |
| 11 |
$3,138,176 |
$1,121,456
$156,909 |
$1,859,811 |
| 12 |
$3,295,104 |
$1,179,519
$164,755 |
$1,950,830 |
| 13 |
$3,459,840 |
$1,240,471
$172,992 |
$2,046,377 |
| 14 |
$3,632,896 |
$1,304,502
$181,645 |
$2,146,749 |
| 15 |
$3,814,528 |
$1,371,706
$190,726 |
$2,252,096 |
| 16 |
$4,005,248 |
$1,442,272
$200,262 |
$2,362,714 |
| 17 |
$4,205,440 |
$1,516,343
$210,272 |
$2,478,825 |
| 18 |
$4,415,744 |
$1,594,156
$220,787 |
$2,600,801 |
| 19 |
$4,636,544 |
$1,675,852
$231,827 |
$2,728,865 |
| 20 |
$4,868,352 |
$1,761,621
$243,418 |
$2,863,313 |
| 21 |
$5,111,808 |
$1,851,699
$255,590 |
$3,004,519 |
| 22 |
$5,367,424 |
$1,946,277
$268,371 |
$3,152,776 |
| 23 |
$5,635,712 |
$2,045,544
$281,786 |
$3,308,382 |
| 24 |
$5,917,568 |
$2,149,831
$295,878 |
$3,471,859 |
| 25 |
$6,213,376 |
$2,259,280
$310,669 |
$3,643,427 |
| 26 |
$6,524,160 |
$2,374,270
$326,208 |
$3,823,682 |
| 27 |
$6,850,304 |
$2,494,943
$342,515 |
$4,012,846 |
| 28 |
$7,192,832 |
$2,621,678
$359,642 |
$4,211,512 |
| 29 |
$7,552,512 |
$2,754,760
$377,626 |
$4,420,126 |
| 30 |
$7,930,112 |
$2,894,472
$396,506 |
$4,639,134 |
|
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