Texas Lottery

TXLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 5, 2026 is estimated to be $467 Million, with a cash option of 192.4 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 Oct 5, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 5, 2026	$467,000,000	$192,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$192,400,000
Federal Tax(24%)	$46,176,000
Additional Federal Tax	$24,972,330
State Tax(0%)	$0
Net Lumpsum Payment	$121,251,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$0	$4,467,824
2	$7,380,468	-$2,691,104 -$0	$4,689,364
3	$7,749,398	-$2,827,608 -$0	$4,921,790
4	$8,137,008	-$2,971,023 -$0	$5,165,985
5	$8,543,765	-$3,121,523 -$0	$5,422,242
6	$8,971,070	-$3,279,626 -$0	$5,691,444
7	$9,419,390	-$3,445,505 -$0	$5,973,885
8	$9,890,593	-$3,619,850 -$0	$6,270,743
9	$10,385,146	-$3,802,834 -$0	$6,582,312
10	$10,904,450	-$3,994,977 -$0	$6,909,473
11	$11,449,439	-$4,196,623 -$0	$7,252,816
12	$12,021,981	-$4,408,463 -$0	$7,613,518
13	$12,623,010	-$4,630,844 -$0	$7,992,166
14	$13,254,394	-$4,864,456 -$0	$8,389,938
15	$13,917,067	-$5,109,645 -$0	$8,807,422
16	$14,612,897	-$5,367,102 -$0	$9,245,795
17	$15,343,285	-$5,637,346 -$0	$9,705,939
18	$16,110,566	-$5,921,240 -$0	$10,189,326
19	$16,916,141	-$6,219,303 -$0	$10,696,838
20	$17,761,878	-$6,532,225 -$0	$11,229,653
21	$18,650,112	-$6,860,872 -$0	$11,789,240
22	$19,582,711	-$7,205,933 -$0	$12,376,778
23	$20,561,543	-$7,568,101 -$0	$12,993,442
24	$21,589,877	-$7,948,585 -$0	$13,641,292
25	$22,669,114	-$8,347,903 -$0	$14,321,211
26	$23,802,990	-$8,767,437 -$0	$15,035,553
27	$24,992,906	-$9,207,706 -$0	$15,785,200
28	$26,242,598	-$9,670,092 -$0	$16,572,506
29	$27,554,868	-$10,155,632 -$0	$17,399,236
30	$28,932,518	-$10,665,362 -$0	$18,267,156