The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Aug 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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