The jackpot for the Powerball draw on Mon Jun 8, 2026, is projected to be $225 Million, with an option for a cash payout of $100.3 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 8, 2026 |
|---|
| Draw Date | Mon Jun 8, 2026 | | Projected Jackpot | $225,000,000 | | Cash Value | $100,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,300,000 | | Federal Tax(24%) | $24,072,000 | | Additional Federal Tax | $12,999,330 | | State Tax(5%) | $5,015,000 | | Net Lumpsum Payment | $58,213,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,386,475 |
$1,213,326
$169,324 |
$2,003,825 |
| 2 |
$3,555,900 |
$1,276,013
$177,795 |
$2,102,092 |
| 3 |
$3,733,650 |
$1,341,781
$186,683 |
$2,205,186 |
| 4 |
$3,920,400 |
$1,410,878
$196,020 |
$2,313,502 |
| 5 |
$4,116,375 |
$1,483,389
$205,819 |
$2,427,167 |
| 6 |
$4,322,250 |
$1,559,563
$216,113 |
$2,546,574 |
| 7 |
$4,538,250 |
$1,639,483
$226,913 |
$2,671,854 |
| 8 |
$4,765,275 |
$1,723,482
$238,264 |
$2,803,529 |
| 9 |
$5,003,550 |
$1,811,644
$250,178 |
$2,941,728 |
| 10 |
$5,253,750 |
$1,904,218
$262,688 |
$3,086,844 |
| 11 |
$5,516,325 |
$2,001,371
$275,816 |
$3,239,138 |
| 12 |
$5,792,175 |
$2,103,435
$289,609 |
$3,399,131 |
| 13 |
$6,081,750 |
$2,210,578
$304,088 |
$3,567,084 |
| 14 |
$6,385,950 |
$2,323,132
$319,298 |
$3,743,520 |
| 15 |
$6,705,225 |
$2,441,264
$335,261 |
$3,928,700 |
| 16 |
$7,040,475 |
$2,565,306
$352,024 |
$4,123,145 |
| 17 |
$7,392,375 |
$2,695,509
$369,619 |
$4,327,247 |
| 18 |
$7,762,050 |
$2,832,289
$388,103 |
$4,541,658 |
| 19 |
$8,150,175 |
$2,975,895
$407,509 |
$4,766,771 |
| 20 |
$8,557,650 |
$3,126,661
$427,883 |
$5,003,106 |
| 21 |
$8,985,600 |
$3,285,002
$449,280 |
$5,251,318 |
| 22 |
$9,434,925 |
$3,451,253
$471,746 |
$5,511,926 |
| 23 |
$9,906,525 |
$3,625,745
$495,326 |
$5,785,454 |
| 24 |
$10,401,975 |
$3,809,061
$520,099 |
$6,072,815 |
| 25 |
$10,921,950 |
$4,001,452
$546,098 |
$6,374,400 |
| 26 |
$11,468,250 |
$4,203,583
$573,413 |
$6,691,254 |
| 27 |
$12,041,550 |
$4,415,704
$602,078 |
$7,023,768 |
| 28 |
$12,643,650 |
$4,638,481
$632,183 |
$7,372,986 |
| 29 |
$13,275,900 |
$4,872,413
$663,795 |
$7,739,692 |
| 30 |
$13,939,650 |
$5,118,001
$696,983 |
$8,124,666 |
|
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