The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in Texas, the bright side is you won't have to pay any state taxes on your lottery prize.
| Texas Powerball Jackpot/Cash Option for Sat Sep 20, 2025 |
|---|
| Draw Date | Sat Sep 20, 2025 | | Projected Jackpot | $99,000,000 | | Cash Value | $46,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,300,000 | | Federal Tax(24%) | $11,112,000 | | Additional Federal Tax | $5,979,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $29,208,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,490,049 |
$511,649
$0 |
$978,400 |
| 2 |
$1,564,596 |
$539,231
$0 |
$1,025,365 |
| 3 |
$1,642,806 |
$568,169
$0 |
$1,074,637 |
| 4 |
$1,724,976 |
$598,572
$0 |
$1,126,404 |
| 5 |
$1,811,205 |
$630,476
$0 |
$1,180,729 |
| 6 |
$1,901,790 |
$663,993
$0 |
$1,237,797 |
| 7 |
$1,996,830 |
$699,157
$0 |
$1,297,673 |
| 8 |
$2,096,721 |
$736,117
$0 |
$1,360,604 |
| 9 |
$2,201,562 |
$774,908
$0 |
$1,426,654 |
| 10 |
$2,311,650 |
$815,641
$0 |
$1,496,009 |
| 11 |
$2,427,183 |
$858,388
$0 |
$1,568,795 |
| 12 |
$2,548,557 |
$903,296
$0 |
$1,645,261 |
| 13 |
$2,675,970 |
$950,439
$0 |
$1,725,531 |
| 14 |
$2,809,818 |
$999,963
$0 |
$1,809,855 |
| 15 |
$2,950,299 |
$1,051,941
$0 |
$1,898,358 |
| 16 |
$3,097,809 |
$1,106,520
$0 |
$1,991,289 |
| 17 |
$3,252,645 |
$1,163,809
$0 |
$2,088,836 |
| 18 |
$3,415,302 |
$1,223,992
$0 |
$2,191,310 |
| 19 |
$3,586,077 |
$1,287,179
$0 |
$2,298,898 |
| 20 |
$3,765,366 |
$1,353,516
$0 |
$2,411,850 |
| 21 |
$3,953,664 |
$1,423,186
$0 |
$2,530,478 |
| 22 |
$4,151,367 |
$1,496,336
$0 |
$2,655,031 |
| 23 |
$4,358,871 |
$1,573,113
$0 |
$2,785,758 |
| 24 |
$4,576,869 |
$1,653,772
$0 |
$2,923,097 |
| 25 |
$4,805,658 |
$1,738,424
$0 |
$3,067,234 |
| 26 |
$5,046,030 |
$1,827,361
$0 |
$3,218,669 |
| 27 |
$5,298,282 |
$1,920,695
$0 |
$3,377,587 |
| 28 |
$5,563,206 |
$2,018,717
$0 |
$3,544,489 |
| 29 |
$5,841,396 |
$2,121,647
$0 |
$3,719,749 |
| 30 |
$6,133,446 |
$2,229,705
$0 |
$3,903,741 |
|
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