Texas Lottery

TXLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(0%)	$0
Net Lumpsum Payment	$314,031,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$0	$10,470,013
2	$17,384,400	-$6,392,558 -$0	$10,991,842
3	$18,253,400	-$6,714,088 -$0	$11,539,312
4	$19,166,400	-$7,051,898 -$0	$12,114,502
5	$20,124,500	-$7,406,395 -$0	$12,718,105
6	$21,131,000	-$7,778,800 -$0	$13,352,200
7	$22,187,000	-$8,169,520 -$0	$14,017,480
8	$23,296,900	-$8,580,183 -$0	$14,716,717
9	$24,461,800	-$9,011,196 -$0	$15,450,604
10	$25,685,000	-$9,463,780 -$0	$16,221,220
11	$26,968,700	-$9,938,749 -$0	$17,029,951
12	$28,317,300	-$10,437,731 -$0	$17,879,569
13	$29,733,000	-$10,961,540 -$0	$18,771,460
14	$31,220,200	-$11,511,804 -$0	$19,708,396
15	$32,781,100	-$12,089,337 -$0	$20,691,763
16	$34,420,100	-$12,695,767 -$0	$21,724,333
17	$36,140,500	-$13,332,315 -$0	$22,808,185
18	$37,947,800	-$14,001,016 -$0	$23,946,784
19	$39,845,300	-$14,703,091 -$0	$25,142,209
20	$41,837,400	-$15,440,168 -$0	$26,397,232
21	$43,929,600	-$16,214,282 -$0	$27,715,318
22	$46,126,300	-$17,027,061 -$0	$29,099,239
23	$48,431,900	-$17,880,133 -$0	$30,551,767
24	$50,854,100	-$18,776,347 -$0	$32,077,753
25	$53,396,200	-$19,716,924 -$0	$33,679,276
26	$56,067,000	-$20,705,120 -$0	$35,361,880
27	$58,869,800	-$21,742,156 -$0	$37,127,644
28	$61,813,400	-$22,831,288 -$0	$38,982,112
29	$64,904,400	-$23,974,958 -$0	$40,929,442
30	$68,149,400	-$25,175,608 -$0	$42,973,792