The jackpot for the Powerball draw on Sat Nov 15, 2025, is projected to be $546 Million, with an option for a cash payout of $255 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 Nov 15, 2025 |
|---|
| Draw Date | Sat Nov 15, 2025 | | Projected Jackpot | $546,000,000 | | Cash Value | $255,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $255,000,000 | | Federal Tax(24%) | $61,200,000 | | Additional Federal Tax | $33,110,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $160,689,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,217,846 |
$3,000,933
$0 |
$5,216,913 |
| 2 |
$8,628,984 |
$3,153,054
$0 |
$5,475,930 |
| 3 |
$9,060,324 |
$3,312,650
$0 |
$5,747,674 |
| 4 |
$9,513,504 |
$3,480,327
$0 |
$6,033,177 |
| 5 |
$9,989,070 |
$3,656,286
$0 |
$6,332,784 |
| 6 |
$10,488,660 |
$3,841,135
$0 |
$6,647,525 |
| 7 |
$11,012,820 |
$4,035,074
$0 |
$6,977,746 |
| 8 |
$11,563,734 |
$4,238,912
$0 |
$7,324,822 |
| 9 |
$12,141,948 |
$4,452,851
$0 |
$7,689,097 |
| 10 |
$12,749,100 |
$4,677,497
$0 |
$8,071,603 |
| 11 |
$13,386,282 |
$4,913,255
$0 |
$8,473,027 |
| 12 |
$14,055,678 |
$5,160,931
$0 |
$8,894,747 |
| 13 |
$14,758,380 |
$5,420,931
$0 |
$9,337,449 |
| 14 |
$15,496,572 |
$5,694,062
$0 |
$9,802,510 |
| 15 |
$16,271,346 |
$5,980,728
$0 |
$10,290,618 |
| 16 |
$17,084,886 |
$6,281,738
$0 |
$10,803,148 |
| 17 |
$17,938,830 |
$6,597,697
$0 |
$11,341,133 |
| 18 |
$18,835,908 |
$6,929,616
$0 |
$11,906,292 |
| 19 |
$19,777,758 |
$7,278,101
$0 |
$12,499,657 |
| 20 |
$20,766,564 |
$7,643,959
$0 |
$13,122,605 |
| 21 |
$21,805,056 |
$8,028,201
$0 |
$13,776,855 |
| 22 |
$22,895,418 |
$8,431,635
$0 |
$14,463,783 |
| 23 |
$24,039,834 |
$8,855,069
$0 |
$15,184,765 |
| 24 |
$25,242,126 |
$9,299,917
$0 |
$15,942,209 |
| 25 |
$26,503,932 |
$9,766,785
$0 |
$16,737,147 |
| 26 |
$27,829,620 |
$10,257,290
$0 |
$17,572,330 |
| 27 |
$29,220,828 |
$10,772,037
$0 |
$18,448,791 |
| 28 |
$30,681,924 |
$11,312,642
$0 |
$19,369,282 |
| 29 |
$32,216,184 |
$11,880,318
$0 |
$20,335,866 |
| 30 |
$33,826,884 |
$12,476,277
$0 |
$21,350,607 |
|
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