The jackpot for the Powerball draw on Wed May 14, 2025, is projected to be $106 Million, with an option for a cash payout of $48.2 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 May 14, 2025 |
|---|
| Draw Date | Wed May 14, 2025 | | Projected Jackpot | $106,000,000 | | Cash Value | $48,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $48,200,000 | | Federal Tax(24%) | $11,568,000 | | Additional Federal Tax | $6,226,330 | | State Tax(5%) | $2,410,000 | | Net Lumpsum Payment | $27,995,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,595,406 |
$550,631
$79,770 |
$965,005 |
| 2 |
$1,675,224 |
$580,163
$83,761 |
$1,011,300 |
| 3 |
$1,758,964 |
$611,147
$87,948 |
$1,059,869 |
| 4 |
$1,846,944 |
$643,700
$92,347 |
$1,110,897 |
| 5 |
$1,939,270 |
$677,860
$96,964 |
$1,164,446 |
| 6 |
$2,036,260 |
$713,747
$101,813 |
$1,220,700 |
| 7 |
$2,138,020 |
$751,398
$106,901 |
$1,279,721 |
| 8 |
$2,244,974 |
$790,971
$112,249 |
$1,341,754 |
| 9 |
$2,357,228 |
$832,505
$117,861 |
$1,406,862 |
| 10 |
$2,475,100 |
$876,117
$123,755 |
$1,475,228 |
| 11 |
$2,598,802 |
$921,887
$129,940 |
$1,546,975 |
| 12 |
$2,728,758 |
$969,971
$136,438 |
$1,622,349 |
| 13 |
$2,865,180 |
$1,020,447
$143,259 |
$1,701,474 |
| 14 |
$3,008,492 |
$1,073,472
$150,425 |
$1,784,595 |
| 15 |
$3,158,906 |
$1,129,126
$157,945 |
$1,871,835 |
| 16 |
$3,316,846 |
$1,187,563
$165,842 |
$1,963,441 |
| 17 |
$3,482,630 |
$1,248,903
$174,132 |
$2,059,595 |
| 18 |
$3,656,788 |
$1,313,342
$182,839 |
$2,160,607 |
| 19 |
$3,839,638 |
$1,380,996
$191,982 |
$2,266,660 |
| 20 |
$4,031,604 |
$1,452,024
$201,580 |
$2,378,000 |
| 21 |
$4,233,216 |
$1,526,620
$211,661 |
$2,494,935 |
| 22 |
$4,444,898 |
$1,604,943
$222,245 |
$2,617,710 |
| 23 |
$4,667,074 |
$1,687,148
$233,354 |
$2,746,572 |
| 24 |
$4,900,486 |
$1,773,510
$245,024 |
$2,881,952 |
| 25 |
$5,145,452 |
$1,864,148
$257,273 |
$3,024,031 |
| 26 |
$5,402,820 |
$1,959,374
$270,141 |
$3,173,305 |
| 27 |
$5,672,908 |
$2,059,306
$283,645 |
$3,329,957 |
| 28 |
$5,956,564 |
$2,164,259
$297,828 |
$3,494,477 |
| 29 |
$6,254,424 |
$2,274,467
$312,721 |
$3,667,236 |
| 30 |
$6,567,124 |
$2,390,166
$328,356 |
$3,848,602 |
|
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