The jackpot for the Powerball draw on Wed Dec 24, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $781.3 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 Wed Dec 24, 2025 |
|---|
| Draw Date | Wed Dec 24, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $781,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $781,300,000 | | Federal Tax(24%) | $187,512,000 | | Additional Federal Tax | $101,529,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $492,258,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$0 |
$16,159,291 |
| 2 |
$26,866,800 |
$9,901,046
$0 |
$16,965,754 |
| 3 |
$28,209,800 |
$10,397,956
$0 |
$17,811,844 |
| 4 |
$29,620,800 |
$10,920,026
$0 |
$18,700,774 |
| 5 |
$31,101,500 |
$11,467,885
$0 |
$19,633,615 |
| 6 |
$32,657,000 |
$12,043,420
$0 |
$20,613,580 |
| 7 |
$34,289,000 |
$12,647,260
$0 |
$21,641,740 |
| 8 |
$36,004,300 |
$13,281,921
$0 |
$22,722,379 |
| 9 |
$37,804,600 |
$13,948,032
$0 |
$23,856,568 |
| 10 |
$39,695,000 |
$14,647,480
$0 |
$25,047,520 |
| 11 |
$41,678,900 |
$15,381,523
$0 |
$26,297,377 |
| 12 |
$43,763,100 |
$16,152,677
$0 |
$27,610,423 |
| 13 |
$45,951,000 |
$16,962,200
$0 |
$28,988,800 |
| 14 |
$48,249,400 |
$17,812,608
$0 |
$30,436,792 |
| 15 |
$50,661,700 |
$18,705,159
$0 |
$31,956,541 |
| 16 |
$53,194,700 |
$19,642,369
$0 |
$33,552,331 |
| 17 |
$55,853,500 |
$20,626,125
$0 |
$35,227,375 |
| 18 |
$58,646,600 |
$21,659,572
$0 |
$36,987,028 |
| 19 |
$61,579,100 |
$22,744,597
$0 |
$38,834,503 |
| 20 |
$64,657,800 |
$23,883,716
$0 |
$40,774,084 |
| 21 |
$67,891,200 |
$25,080,074
$0 |
$42,811,126 |
| 22 |
$71,286,100 |
$26,336,187
$0 |
$44,949,913 |
| 23 |
$74,849,300 |
$27,654,571
$0 |
$47,194,729 |
| 24 |
$78,592,700 |
$29,039,629
$0 |
$49,553,071 |
| 25 |
$82,521,400 |
$30,493,248
$0 |
$52,028,152 |
| 26 |
$86,649,000 |
$32,020,460
$0 |
$54,628,540 |
| 27 |
$90,980,600 |
$33,623,152
$0 |
$57,357,448 |
| 28 |
$95,529,800 |
$35,306,356
$0 |
$60,223,444 |
| 29 |
$100,306,800 |
$37,073,846
$0 |
$63,232,954 |
| 30 |
$105,321,800 |
$38,929,396
$0 |
$66,392,404 |
|
|
