The jackpot for the Powerball draw on Mon Oct 26, 2026, is projected to be $687 Million, with an option for a cash payout of $294.7 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 Oct 26, 2026 |
|---|
| Draw Date | Mon Oct 26, 2026 | | Projected Jackpot | $687,000,000 | | Cash Value | $294,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $294,700,000 | | Federal Tax(24%) | $70,728,000 | | Additional Federal Tax | $38,271,330 | | State Tax(5%) | $14,735,000 | | Net Lumpsum Payment | $170,965,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,340,037 |
$3,786,144
$517,002 |
$6,036,891 |
| 2 |
$10,857,348 |
$3,977,549
$542,867 |
$6,336,932 |
| 3 |
$11,400,078 |
$4,178,359
$570,004 |
$6,651,715 |
| 4 |
$11,970,288 |
$4,389,337
$598,514 |
$6,982,437 |
| 5 |
$12,568,665 |
$4,610,736
$628,433 |
$7,329,496 |
| 6 |
$13,197,270 |
$4,843,320
$659,864 |
$7,694,086 |
| 7 |
$13,856,790 |
$5,087,343
$692,840 |
$8,076,607 |
| 8 |
$14,549,973 |
$5,343,820
$727,499 |
$8,478,654 |
| 9 |
$15,277,506 |
$5,613,008
$763,875 |
$8,900,623 |
| 10 |
$16,041,450 |
$5,895,667
$802,073 |
$9,343,710 |
| 11 |
$16,843,179 |
$6,192,307
$842,159 |
$9,808,713 |
| 12 |
$17,685,441 |
$6,503,944
$884,272 |
$10,297,225 |
| 13 |
$18,569,610 |
$6,831,086
$928,481 |
$10,810,043 |
| 14 |
$19,498,434 |
$7,174,751
$974,922 |
$11,348,761 |
| 15 |
$20,473,287 |
$7,535,447
$1,023,664 |
$11,914,176 |
| 16 |
$21,496,917 |
$7,914,190
$1,074,846 |
$12,507,881 |
| 17 |
$22,571,385 |
$8,311,743
$1,128,569 |
$13,131,073 |
| 18 |
$23,700,126 |
$8,729,377
$1,185,006 |
$13,785,743 |
| 19 |
$24,885,201 |
$9,167,855
$1,244,260 |
$14,473,086 |
| 20 |
$26,129,358 |
$9,628,193
$1,306,468 |
$15,194,697 |
| 21 |
$27,436,032 |
$10,111,662
$1,371,802 |
$15,952,568 |
| 22 |
$28,807,971 |
$10,619,280
$1,440,399 |
$16,748,292 |
| 23 |
$30,247,923 |
$11,152,062
$1,512,396 |
$17,583,465 |
| 24 |
$31,760,697 |
$11,711,788
$1,588,035 |
$18,460,874 |
| 25 |
$33,348,354 |
$12,299,221
$1,667,418 |
$19,381,715 |
| 26 |
$35,016,390 |
$12,916,395
$1,750,820 |
$20,349,175 |
| 27 |
$36,766,866 |
$13,564,071
$1,838,343 |
$21,364,452 |
| 28 |
$38,605,278 |
$14,244,283
$1,930,264 |
$22,430,731 |
| 29 |
$40,535,748 |
$14,958,557
$2,026,787 |
$23,550,404 |
| 30 |
$42,562,398 |
$15,708,418
$2,128,120 |
$24,725,860 |
|
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