The jackpot for the Powerball draw on Mon Aug 10, 2026, is projected to be $905 Million, with an option for a cash payout of $391.9 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 Mon Aug 10, 2026 |
|---|
| Draw Date | Mon Aug 10, 2026 | | Projected Jackpot | $905,000,000 | | Cash Value | $391,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $391,900,000 | | Federal Tax(24%) | $94,056,000 | | Additional Federal Tax | $50,907,330 | | State Tax(5%) | $19,595,000 | | Net Lumpsum Payment | $227,341,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$13,621,155 |
$5,000,158
$681,058 |
$7,939,939 |
| 2 |
$14,302,620 |
$5,252,300
$715,131 |
$8,335,189 |
| 3 |
$15,017,570 |
$5,516,831
$750,879 |
$8,749,860 |
| 4 |
$15,768,720 |
$5,794,757
$788,436 |
$9,185,527 |
| 5 |
$16,556,975 |
$6,086,411
$827,849 |
$9,642,715 |
| 6 |
$17,385,050 |
$6,392,799
$869,253 |
$10,122,998 |
| 7 |
$18,253,850 |
$6,714,255
$912,693 |
$10,626,902 |
| 8 |
$19,166,995 |
$7,052,119
$958,350 |
$11,156,526 |
| 9 |
$20,125,390 |
$7,406,725
$1,006,270 |
$11,712,395 |
| 10 |
$21,131,750 |
$7,779,078
$1,056,588 |
$12,296,084 |
| 11 |
$22,187,885 |
$8,169,848
$1,109,394 |
$12,908,643 |
| 12 |
$23,297,415 |
$8,580,374
$1,164,871 |
$13,552,170 |
| 13 |
$24,462,150 |
$9,011,326
$1,223,108 |
$14,227,716 |
| 14 |
$25,685,710 |
$9,464,043
$1,284,286 |
$14,937,381 |
| 15 |
$26,969,905 |
$9,939,195
$1,348,495 |
$15,682,215 |
| 16 |
$28,318,355 |
$10,438,122
$1,415,918 |
$16,464,315 |
| 17 |
$29,733,775 |
$10,961,827
$1,486,689 |
$17,285,259 |
| 18 |
$31,220,690 |
$11,511,986
$1,561,035 |
$18,147,669 |
| 19 |
$32,781,815 |
$12,089,602
$1,639,091 |
$19,053,122 |
| 20 |
$34,420,770 |
$12,696,015
$1,721,039 |
$20,003,716 |
| 21 |
$36,142,080 |
$13,332,900
$1,807,104 |
$21,002,076 |
| 22 |
$37,949,365 |
$14,001,595
$1,897,468 |
$22,050,302 |
| 23 |
$39,846,245 |
$14,703,441
$1,992,312 |
$23,150,492 |
| 24 |
$41,839,055 |
$15,440,781
$2,091,953 |
$24,306,321 |
| 25 |
$43,930,510 |
$16,214,619
$2,196,526 |
$25,519,365 |
| 26 |
$46,127,850 |
$17,027,635
$2,306,393 |
$26,793,822 |
| 27 |
$48,433,790 |
$17,880,833
$2,421,690 |
$28,131,267 |
| 28 |
$50,855,570 |
$18,776,891
$2,542,779 |
$29,535,900 |
| 29 |
$53,398,620 |
$19,717,820
$2,669,931 |
$31,010,869 |
| 30 |
$56,068,370 |
$20,705,627
$2,803,419 |
$32,559,324 |
|
|
