The jackpot for the Powerball draw on Wed Nov 19, 2025, is projected to be $593 Million, with an option for a cash payout of $277.6 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 Nov 19, 2025 |
|---|
| Draw Date | Wed Nov 19, 2025 | | Projected Jackpot | $593,000,000 | | Cash Value | $277,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,600,000 | | Federal Tax(24%) | $66,624,000 | | Additional Federal Tax | $36,048,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $174,927,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,925,243 |
$3,262,670
$0 |
$5,662,573 |
| 2 |
$9,371,772 |
$3,427,886
$0 |
$5,943,886 |
| 3 |
$9,840,242 |
$3,601,220
$0 |
$6,239,022 |
| 4 |
$10,332,432 |
$3,783,330
$0 |
$6,549,102 |
| 5 |
$10,848,935 |
$3,974,436
$0 |
$6,874,499 |
| 6 |
$11,391,530 |
$4,175,196
$0 |
$7,216,334 |
| 7 |
$11,960,810 |
$4,385,830
$0 |
$7,574,980 |
| 8 |
$12,559,147 |
$4,607,215
$0 |
$7,951,932 |
| 9 |
$13,187,134 |
$4,839,570
$0 |
$8,347,564 |
| 10 |
$13,846,550 |
$5,083,554
$0 |
$8,762,996 |
| 11 |
$14,538,581 |
$5,339,605
$0 |
$9,198,976 |
| 12 |
$15,265,599 |
$5,608,602
$0 |
$9,656,997 |
| 13 |
$16,028,790 |
$5,890,983
$0 |
$10,137,807 |
| 14 |
$16,830,526 |
$6,187,625
$0 |
$10,642,901 |
| 15 |
$17,671,993 |
$6,498,968
$0 |
$11,173,025 |
| 16 |
$18,555,563 |
$6,825,889
$0 |
$11,729,674 |
| 17 |
$19,483,015 |
$7,169,046
$0 |
$12,313,969 |
| 18 |
$20,457,314 |
$7,529,537
$0 |
$12,927,777 |
| 19 |
$21,480,239 |
$7,908,019
$0 |
$13,572,220 |
| 20 |
$22,554,162 |
$8,305,370
$0 |
$14,248,792 |
| 21 |
$23,682,048 |
$8,722,688
$0 |
$14,959,360 |
| 22 |
$24,866,269 |
$9,160,850
$0 |
$15,705,419 |
| 23 |
$26,109,197 |
$9,620,733
$0 |
$16,488,464 |
| 24 |
$27,414,983 |
$10,103,874
$0 |
$17,311,109 |
| 25 |
$28,785,406 |
$10,610,931
$0 |
$18,174,475 |
| 26 |
$30,225,210 |
$11,143,658
$0 |
$19,081,552 |
| 27 |
$31,736,174 |
$11,702,715
$0 |
$20,033,459 |
| 28 |
$33,323,042 |
$12,289,856
$0 |
$21,033,186 |
| 29 |
$34,989,372 |
$12,906,398
$0 |
$22,082,974 |
| 30 |
$36,738,722 |
$13,553,658
$0 |
$23,185,064 |
|
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