The jackpot for the Powerball draw on Mon Dec 29, 2025, is projected to be $33 Million, with an option for a cash payout of $15.2 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 Mon Dec 29, 2025 |
|---|
| Draw Date | Mon Dec 29, 2025 | | Projected Jackpot | $33,000,000 | | Cash Value | $15,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,200,000 | | Federal Tax(24%) | $3,648,000 | | Additional Federal Tax | $1,936,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $9,615,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$496,683 |
$144,103
$0 |
$352,580 |
| 2 |
$521,532 |
$153,297
$0 |
$368,235 |
| 3 |
$547,602 |
$162,943
$0 |
$384,659 |
| 4 |
$574,992 |
$173,077
$0 |
$401,915 |
| 5 |
$603,735 |
$183,712
$0 |
$420,023 |
| 6 |
$633,930 |
$194,884
$0 |
$439,046 |
| 7 |
$665,610 |
$206,606
$0 |
$459,004 |
| 8 |
$698,907 |
$218,926
$0 |
$479,981 |
| 9 |
$733,854 |
$231,856
$0 |
$501,998 |
| 10 |
$770,550 |
$245,434
$0 |
$525,116 |
| 11 |
$809,061 |
$259,683
$0 |
$549,378 |
| 12 |
$849,519 |
$274,652
$0 |
$574,867 |
| 13 |
$891,990 |
$290,367
$0 |
$601,623 |
| 14 |
$936,606 |
$306,875
$0 |
$629,731 |
| 15 |
$983,433 |
$324,201
$0 |
$659,232 |
| 16 |
$1,032,603 |
$342,393
$0 |
$690,210 |
| 17 |
$1,084,215 |
$361,490
$0 |
$722,725 |
| 18 |
$1,138,434 |
$381,551
$0 |
$756,883 |
| 19 |
$1,195,359 |
$402,613
$0 |
$792,746 |
| 20 |
$1,255,122 |
$424,726
$0 |
$830,396 |
| 21 |
$1,317,888 |
$447,949
$0 |
$869,939 |
| 22 |
$1,383,789 |
$472,332
$0 |
$911,457 |
| 23 |
$1,452,957 |
$497,924
$0 |
$955,033 |
| 24 |
$1,525,623 |
$524,811
$0 |
$1,000,812 |
| 25 |
$1,601,886 |
$553,028
$0 |
$1,048,858 |
| 26 |
$1,682,010 |
$582,674
$0 |
$1,099,336 |
| 27 |
$1,766,094 |
$613,785
$0 |
$1,152,309 |
| 28 |
$1,854,402 |
$646,459
$0 |
$1,207,943 |
| 29 |
$1,947,132 |
$680,769
$0 |
$1,266,363 |
| 30 |
$2,044,482 |
$716,789
$0 |
$1,327,693 |
|
|
