Texas Lottery
TXLottery Powerball Jackpot Analysis
The Powerball jackpot for the draw on Sat May 4, 2024 is estimated to be $203 Million, with a cash option of 92.7 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 Sat May 4, 2024
Lumpsum Option Taxes and Payment
Annuity Payment in 30 Installations
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Powerball Results by Month
May 2024
April 2024
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January 2024
December 2023
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Cash Option: $92.7 Million Next Draw: Sat May 4
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Powerball
Wed May 1, 2024
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