Texas Lottery

TXLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 28, 2026 is estimated to be $389 Million, with a cash option of 161.9 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 Sep 28, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 28, 2026	$389,000,000	$161,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$161,900,000
Federal Tax(24%)	$38,856,000
Additional Federal Tax	$21,007,330
State Tax(0%)	$0
Net Lumpsum Payment	$102,036,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,854,839	-$2,126,621 -$0	$3,728,218
2	$6,147,756	-$2,235,000 -$0	$3,912,756
3	$6,455,066	-$2,348,705 -$0	$4,106,361
4	$6,777,936	-$2,468,167 -$0	$4,309,769
5	$7,116,755	-$2,593,530 -$0	$4,523,225
6	$7,472,690	-$2,725,226 -$0	$4,747,464
7	$7,846,130	-$2,863,398 -$0	$4,982,732
8	$8,238,631	-$3,008,624 -$0	$5,230,007
9	$8,650,582	-$3,161,046 -$0	$5,489,536
10	$9,083,150	-$3,321,096 -$0	$5,762,054
11	$9,537,113	-$3,489,062 -$0	$6,048,051
12	$10,014,027	-$3,665,520 -$0	$6,348,507
13	$10,514,670	-$3,850,758 -$0	$6,663,912
14	$11,040,598	-$4,045,352 -$0	$6,995,246
15	$11,592,589	-$4,249,588 -$0	$7,343,001
16	$12,172,199	-$4,464,044 -$0	$7,708,155
17	$12,780,595	-$4,689,151 -$0	$8,091,444
18	$13,419,722	-$4,925,628 -$0	$8,494,094
19	$14,090,747	-$5,173,907 -$0	$8,916,840
20	$14,795,226	-$5,434,564 -$0	$9,360,662
21	$15,535,104	-$5,708,319 -$0	$9,826,785
22	$16,311,937	-$5,995,747 -$0	$10,316,190
23	$17,127,281	-$6,297,424 -$0	$10,829,857
24	$17,983,859	-$6,614,358 -$0	$11,369,501
25	$18,882,838	-$6,946,980 -$0	$11,935,858
26	$19,827,330	-$7,296,442 -$0	$12,530,888
27	$20,818,502	-$7,663,176 -$0	$13,155,326
28	$21,859,466	-$8,048,333 -$0	$13,811,133
29	$22,952,556	-$8,452,776 -$0	$14,499,780
30	$24,100,106	-$8,877,370 -$0	$15,222,736