The jackpot for the Powerball draw on Sat Mar 1, 2025, is projected to be $272 Million, with an option for a cash payout of $124.4 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 Sat Mar 1, 2025 |
|---|
| Draw Date | Sat Mar 1, 2025 | | Projected Jackpot | $272,000,000 | | Cash Value | $124,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,400,000 | | Federal Tax(24%) | $29,856,000 | | Additional Federal Tax | $16,132,330 | | State Tax(5%) | $6,220,000 | | Net Lumpsum Payment | $72,191,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,093,872 |
$1,475,063
$204,694 |
$2,414,115 |
| 2 |
$4,298,688 |
$1,550,845
$214,934 |
$2,532,909 |
| 3 |
$4,513,568 |
$1,630,351
$225,678 |
$2,657,539 |
| 4 |
$4,739,328 |
$1,713,882
$236,966 |
$2,788,480 |
| 5 |
$4,976,240 |
$1,801,539
$248,812 |
$2,925,889 |
| 6 |
$5,225,120 |
$1,893,625
$261,256 |
$3,070,239 |
| 7 |
$5,486,240 |
$1,990,239
$274,312 |
$3,221,689 |
| 8 |
$5,760,688 |
$2,091,785
$288,034 |
$3,380,869 |
| 9 |
$6,048,736 |
$2,198,363
$302,437 |
$3,547,936 |
| 10 |
$6,351,200 |
$2,310,274
$317,560 |
$3,723,366 |
| 11 |
$6,668,624 |
$2,427,721
$333,431 |
$3,907,472 |
| 12 |
$7,002,096 |
$2,551,106
$350,105 |
$4,100,885 |
| 13 |
$7,352,160 |
$2,680,630
$367,608 |
$4,303,922 |
| 14 |
$7,719,904 |
$2,816,695
$385,995 |
$4,517,214 |
| 15 |
$8,105,872 |
$2,959,503
$405,294 |
$4,741,075 |
| 16 |
$8,511,152 |
$3,109,457
$425,558 |
$4,976,137 |
| 17 |
$8,936,560 |
$3,266,858
$446,828 |
$5,222,874 |
| 18 |
$9,383,456 |
$3,432,209
$469,173 |
$5,482,074 |
| 19 |
$9,852,656 |
$3,605,813
$492,633 |
$5,754,210 |
| 20 |
$10,345,248 |
$3,788,072
$517,262 |
$6,039,914 |
| 21 |
$10,862,592 |
$3,979,489
$543,130 |
$6,339,973 |
| 22 |
$11,405,776 |
$4,180,468
$570,289 |
$6,655,019 |
| 23 |
$11,975,888 |
$4,391,409
$598,794 |
$6,985,685 |
| 24 |
$12,574,832 |
$4,613,018
$628,742 |
$7,333,072 |
| 25 |
$13,203,424 |
$4,845,597
$660,171 |
$7,697,656 |
| 26 |
$13,863,840 |
$5,089,951
$693,192 |
$8,080,697 |
| 27 |
$14,556,896 |
$5,346,382
$727,845 |
$8,482,669 |
| 28 |
$15,284,768 |
$5,615,695
$764,238 |
$8,904,835 |
| 29 |
$16,049,088 |
$5,898,493
$802,454 |
$9,348,141 |
| 30 |
$16,851,488 |
$6,195,381
$842,574 |
$9,813,533 |
|
|
