Texas Lottery

TXLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 27, 2026 is estimated to be $633 Million, with a cash option of 277.3 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of Texas, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Texas Powerball Jackpot/Cash Option for Mon Jul 27, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 27, 2026	$633,000,000	$277,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,300,000
Federal Tax(24%)	$66,552,000
Additional Federal Tax	$36,009,330
State Tax(0%)	$0
Net Lumpsum Payment	$174,738,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,527,283	-$3,485,425 -$0	$6,041,858
2	$10,003,932	-$3,661,785 -$0	$6,342,147
3	$10,504,002	-$3,846,811 -$0	$6,657,191
4	$11,029,392	-$4,041,205 -$0	$6,988,187
5	$11,580,735	-$4,245,202 -$0	$7,335,533
6	$12,159,930	-$4,459,504 -$0	$7,700,426
7	$12,767,610	-$4,684,346 -$0	$8,083,264
8	$13,406,307	-$4,920,664 -$0	$8,485,643
9	$14,076,654	-$5,168,692 -$0	$8,907,962
10	$14,780,550	-$5,429,134 -$0	$9,351,416
11	$15,519,261	-$5,702,457 -$0	$9,816,804
12	$16,295,319	-$5,989,598 -$0	$10,305,721
13	$17,109,990	-$6,291,027 -$0	$10,818,963
14	$17,965,806	-$6,607,679 -$0	$11,358,127
15	$18,864,033	-$6,940,023 -$0	$11,924,010
16	$19,807,203	-$7,288,995 -$0	$12,518,208
17	$20,797,215	-$7,655,300 -$0	$13,141,915
18	$21,837,234	-$8,040,107 -$0	$13,797,127
19	$22,929,159	-$8,444,119 -$0	$14,485,040
20	$24,075,522	-$8,868,274 -$0	$15,207,248
21	$25,279,488	-$9,313,741 -$0	$15,965,747
22	$26,543,589	-$9,781,458 -$0	$16,762,131
23	$27,870,357	-$10,272,362 -$0	$17,597,995
24	$29,264,223	-$10,788,093 -$0	$18,476,130
25	$30,727,086	-$11,329,352 -$0	$19,397,734
26	$32,264,010	-$11,898,014 -$0	$20,365,996
27	$33,876,894	-$12,494,781 -$0	$21,382,113
28	$35,570,802	-$13,121,527 -$0	$22,449,275
29	$37,349,532	-$13,779,657 -$0	$23,569,875
30	$39,216,882	-$14,470,577 -$0	$24,746,305