Texas Lottery

TXLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 18, 2026 is estimated to be $75 Million, with a cash option of 34.1 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 Apr 18, 2026

Draw Date	Jackpot	Cash Option
Sat Apr 18, 2026	$75,000,000	$34,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,100,000
Federal Tax(24%)	$8,184,000
Additional Federal Tax	$4,393,330
State Tax(0%)	$0
Net Lumpsum Payment	$21,522,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,128,825	-$377,996 -$0	$750,829
2	$1,185,300	-$398,891 -$0	$786,409
3	$1,244,550	-$420,814 -$0	$823,736
4	$1,306,800	-$443,846 -$0	$862,954
5	$1,372,125	-$468,017 -$0	$904,108
6	$1,440,750	-$493,408 -$0	$947,342
7	$1,512,750	-$520,048 -$0	$992,702
8	$1,588,425	-$548,048 -$0	$1,040,377
9	$1,667,850	-$577,435 -$0	$1,090,415
10	$1,751,250	-$608,293 -$0	$1,142,957
11	$1,838,775	-$640,677 -$0	$1,198,098
12	$1,930,725	-$674,699 -$0	$1,256,026
13	$2,027,250	-$710,413 -$0	$1,316,837
14	$2,128,650	-$747,931 -$0	$1,380,719
15	$2,235,075	-$787,308 -$0	$1,447,767
16	$2,346,825	-$828,656 -$0	$1,518,169
17	$2,464,125	-$872,057 -$0	$1,592,068
18	$2,587,350	-$917,650 -$0	$1,669,700
19	$2,716,725	-$965,519 -$0	$1,751,206
20	$2,852,550	-$1,015,774 -$0	$1,836,776
21	$2,995,200	-$1,068,554 -$0	$1,926,646
22	$3,144,975	-$1,123,971 -$0	$2,021,004
23	$3,302,175	-$1,182,135 -$0	$2,120,040
24	$3,467,325	-$1,243,241 -$0	$2,224,084
25	$3,640,650	-$1,307,371 -$0	$2,333,279
26	$3,822,750	-$1,374,748 -$0	$2,448,002
27	$4,013,850	-$1,445,455 -$0	$2,568,395
28	$4,214,550	-$1,519,714 -$0	$2,694,836
29	$4,425,300	-$1,597,691 -$0	$2,827,609
30	$4,646,550	-$1,679,554 -$0	$2,966,996