Texas Lottery

TXLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Mar 25, 2026 is estimated to be $147 Million, with a cash option of 66.6 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 Wed Mar 25, 2026

Draw Date	Jackpot	Cash Option
Wed Mar 25, 2026	$147,000,000	$66,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$66,600,000
Federal Tax(24%)	$15,984,000
Additional Federal Tax	$8,618,330
State Tax(0%)	$0
Net Lumpsum Payment	$41,997,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,212,497	-$778,954 -$0	$1,433,543
2	$2,323,188	-$819,910 -$0	$1,503,278
3	$2,439,318	-$862,878 -$0	$1,576,440
4	$2,561,328	-$908,022 -$0	$1,653,306
5	$2,689,365	-$955,395 -$0	$1,733,970
6	$2,823,870	-$1,005,162 -$0	$1,818,708
7	$2,964,990	-$1,057,377 -$0	$1,907,613
8	$3,113,313	-$1,112,256 -$0	$2,001,057
9	$3,268,986	-$1,169,855 -$0	$2,099,131
10	$3,432,450	-$1,230,337 -$0	$2,202,113
11	$3,603,999	-$1,293,810 -$0	$2,310,189
12	$3,784,221	-$1,360,492 -$0	$2,423,729
13	$3,973,410	-$1,430,492 -$0	$2,542,918
14	$4,172,154	-$1,504,027 -$0	$2,668,127
15	$4,380,747	-$1,581,207 -$0	$2,799,540
16	$4,599,777	-$1,662,248 -$0	$2,937,529
17	$4,829,685	-$1,747,314 -$0	$3,082,371
18	$5,071,206	-$1,836,677 -$0	$3,234,529
19	$5,324,781	-$1,930,499 -$0	$3,394,282
20	$5,590,998	-$2,029,000 -$0	$3,561,998
21	$5,870,592	-$2,132,449 -$0	$3,738,143
22	$6,164,151	-$2,241,066 -$0	$3,923,085
23	$6,472,263	-$2,355,068 -$0	$4,117,195
24	$6,795,957	-$2,474,834 -$0	$4,321,123
25	$7,135,674	-$2,600,530 -$0	$4,535,144
26	$7,492,590	-$2,732,589 -$0	$4,760,001
27	$7,867,146	-$2,871,174 -$0	$4,995,972
28	$8,260,518	-$3,016,722 -$0	$5,243,796
29	$8,673,588	-$3,169,558 -$0	$5,504,030
30	$9,107,238	-$3,330,008 -$0	$5,777,230