The jackpot for the Powerball draw on Wed Jul 29, 2026, is projected to be $663 Million, with an option for a cash payout of $290.4 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 Jul 29, 2026 |
|---|
| Draw Date | Wed Jul 29, 2026 | | Projected Jackpot | $663,000,000 | | Cash Value | $290,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $290,400,000 | | Federal Tax(24%) | $69,696,000 | | Additional Federal Tax | $37,712,330 | | State Tax(5%) | $14,520,000 | | Net Lumpsum Payment | $168,471,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,978,813 |
$3,652,491
$498,941 |
$5,827,381 |
| 2 |
$10,478,052 |
$3,837,210
$523,903 |
$6,116,939 |
| 3 |
$11,001,822 |
$4,031,005
$550,091 |
$6,420,726 |
| 4 |
$11,552,112 |
$4,234,612
$577,606 |
$6,739,894 |
| 5 |
$12,129,585 |
$4,448,277
$606,479 |
$7,074,829 |
| 6 |
$12,736,230 |
$4,672,735
$636,812 |
$7,426,683 |
| 7 |
$13,372,710 |
$4,908,233
$668,636 |
$7,795,841 |
| 8 |
$14,041,677 |
$5,155,751
$702,084 |
$8,183,842 |
| 9 |
$14,743,794 |
$5,415,534
$737,190 |
$8,591,070 |
| 10 |
$15,481,050 |
$5,688,319
$774,053 |
$9,018,678 |
| 11 |
$16,254,771 |
$5,974,596
$812,739 |
$9,467,436 |
| 12 |
$17,067,609 |
$6,275,346
$853,380 |
$9,938,883 |
| 13 |
$17,920,890 |
$6,591,060
$896,045 |
$10,433,785 |
| 14 |
$18,817,266 |
$6,922,719
$940,863 |
$10,953,684 |
| 15 |
$19,758,063 |
$7,270,814
$987,903 |
$11,499,346 |
| 16 |
$20,745,933 |
$7,636,326
$1,037,297 |
$12,072,310 |
| 17 |
$21,782,865 |
$8,019,990
$1,089,143 |
$12,673,732 |
| 18 |
$22,872,174 |
$8,423,035
$1,143,609 |
$13,305,530 |
| 19 |
$24,015,849 |
$8,846,195
$1,200,792 |
$13,968,862 |
| 20 |
$25,216,542 |
$9,290,451
$1,260,827 |
$14,665,264 |
| 21 |
$26,477,568 |
$9,757,031
$1,323,878 |
$15,396,659 |
| 22 |
$27,801,579 |
$10,246,915
$1,390,079 |
$16,164,585 |
| 23 |
$29,191,227 |
$10,761,084
$1,459,561 |
$16,970,582 |
| 24 |
$30,651,153 |
$11,301,257
$1,532,558 |
$17,817,338 |
| 25 |
$32,183,346 |
$11,868,168
$1,609,167 |
$18,706,011 |
| 26 |
$33,793,110 |
$12,463,781
$1,689,656 |
$19,639,673 |
| 27 |
$35,482,434 |
$13,088,831
$1,774,122 |
$20,619,481 |
| 28 |
$37,256,622 |
$13,745,281
$1,862,831 |
$21,648,510 |
| 29 |
$39,119,652 |
$14,434,602
$1,955,983 |
$22,729,067 |
| 30 |
$41,075,502 |
$15,158,266
$2,053,775 |
$23,863,461 |
|
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