Texas Lottery

TXLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 9, 2025 is estimated to be $482 Million, with a cash option of 218.9 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 Sat Aug 9, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 9, 2025	$482,000,000	$218,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$218,900,000
Federal Tax(24%)	$52,536,000
Additional Federal Tax	$28,417,330
State Tax(0%)	$0
Net Lumpsum Payment	$137,946,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,254,582	-$2,644,526 -$0	$4,610,056
2	$7,617,528	-$2,778,816 -$0	$4,838,712
3	$7,998,308	-$2,919,704 -$0	$5,078,604
4	$8,398,368	-$3,067,727 -$0	$5,330,641
5	$8,818,190	-$3,223,061 -$0	$5,595,129
6	$9,259,220	-$3,386,242 -$0	$5,872,978
7	$9,721,940	-$3,557,448 -$0	$6,164,492
8	$10,208,278	-$3,737,393 -$0	$6,470,885
9	$10,718,716	-$3,926,255 -$0	$6,792,461
10	$11,254,700	-$4,124,569 -$0	$7,130,131
11	$11,817,194	-$4,332,692 -$0	$7,484,502
12	$12,408,126	-$4,551,337 -$0	$7,856,789
13	$13,028,460	-$4,780,861 -$0	$8,247,599
14	$13,680,124	-$5,021,976 -$0	$8,658,148
15	$14,364,082	-$5,275,041 -$0	$9,089,041
16	$15,082,262	-$5,540,767 -$0	$9,541,495
17	$15,836,110	-$5,819,691 -$0	$10,016,419
18	$16,628,036	-$6,112,704 -$0	$10,515,332
19	$17,459,486	-$6,420,340 -$0	$11,039,146
20	$18,332,388	-$6,743,314 -$0	$11,589,074
21	$19,249,152	-$7,082,517 -$0	$12,166,635
22	$20,211,706	-$7,438,662 -$0	$12,773,044
23	$21,221,978	-$7,812,462 -$0	$13,409,516
24	$22,283,342	-$8,205,167 -$0	$14,078,175
25	$23,397,244	-$8,617,311 -$0	$14,779,933
26	$24,567,540	-$9,050,320 -$0	$15,517,220
27	$25,795,676	-$9,504,731 -$0	$16,290,945
28	$27,085,508	-$9,981,968 -$0	$17,103,540
29	$28,439,928	-$10,483,104 -$0	$17,956,824
30	$29,861,828	-$11,009,207 -$0	$18,852,621