The jackpot for the Powerball draw on Sat Oct 25, 2025, is projected to be $344 Million, with an option for a cash payout of $163.7 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 Oct 25, 2025 |
|---|
| Draw Date | Sat Oct 25, 2025 | | Projected Jackpot | $344,000,000 | | Cash Value | $163,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,700,000 | | Federal Tax(24%) | $39,288,000 | | Additional Federal Tax | $21,241,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $103,170,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,177,544 |
$1,876,022
$0 |
$3,301,522 |
| 2 |
$5,436,576 |
$1,971,864
$0 |
$3,464,712 |
| 3 |
$5,708,336 |
$2,072,415
$0 |
$3,635,921 |
| 4 |
$5,993,856 |
$2,178,057
$0 |
$3,815,799 |
| 5 |
$6,293,480 |
$2,288,918
$0 |
$4,004,562 |
| 6 |
$6,608,240 |
$2,405,379
$0 |
$4,202,861 |
| 7 |
$6,938,480 |
$2,527,568
$0 |
$4,410,912 |
| 8 |
$7,285,576 |
$2,655,994
$0 |
$4,629,582 |
| 9 |
$7,649,872 |
$2,790,783
$0 |
$4,859,089 |
| 10 |
$8,032,400 |
$2,932,318
$0 |
$5,100,082 |
| 11 |
$8,433,848 |
$3,080,854
$0 |
$5,352,994 |
| 12 |
$8,855,592 |
$3,236,899
$0 |
$5,618,693 |
| 13 |
$9,298,320 |
$3,400,709
$0 |
$5,897,611 |
| 14 |
$9,763,408 |
$3,572,791
$0 |
$6,190,617 |
| 15 |
$10,251,544 |
$3,753,402
$0 |
$6,498,142 |
| 16 |
$10,764,104 |
$3,943,049
$0 |
$6,821,055 |
| 17 |
$11,302,120 |
$4,142,115
$0 |
$7,160,005 |
| 18 |
$11,867,312 |
$4,351,236
$0 |
$7,516,076 |
| 19 |
$12,460,712 |
$4,570,794
$0 |
$7,889,918 |
| 20 |
$13,083,696 |
$4,801,298
$0 |
$8,282,398 |
| 21 |
$13,737,984 |
$5,043,384
$0 |
$8,694,600 |
| 22 |
$14,424,952 |
$5,297,563
$0 |
$9,127,389 |
| 23 |
$15,145,976 |
$5,564,342
$0 |
$9,581,634 |
| 24 |
$15,903,464 |
$5,844,612
$0 |
$10,058,852 |
| 25 |
$16,698,448 |
$6,138,756
$0 |
$10,559,692 |
| 26 |
$17,533,680 |
$6,447,792
$0 |
$11,085,888 |
| 27 |
$18,410,192 |
$6,772,101
$0 |
$11,638,091 |
| 28 |
$19,330,736 |
$7,112,703
$0 |
$12,218,033 |
| 29 |
$20,297,376 |
$7,470,360
$0 |
$12,827,016 |
| 30 |
$21,312,176 |
$7,845,836
$0 |
$13,466,340 |
|
|
