Powerball Payout Calculator Texas
Texas takes 0% state tax on lottery winnings — one of only 11 jurisdictions where the jackpot faces federal tax alone. Texas has no state income tax, so lottery winnings face only federal tax. (as of Jan 2026)
Calculate your exact Texas payout →Example: what a jackpot is worth in Texas
After-tax estimates using 0% state tax, the 2026 federal brackets (24% withheld up front, 37% top rate), and a lump sum cash value of 47% of the advertised jackpot.
| Advertised jackpot | Lump sum net | Annuity net (30-yr total) | First annuity payment (net) |
|---|---|---|---|
| $100M | $29,654,043 | $64,321,282 | $992,283 |
| $500M | $148,094,043 | $316,321,282 | $4,785,245 |
| $1B | $296,144,043 | $631,321,282 | $9,526,447 |
How Texas compares
Eleven jurisdictions take no state tax on lottery wins (including Texas, Florida, and California). Among states that do tax, rates run from 2.5% (North Dakota, Arizona) to 10.9% (New York). See the full 51-state comparison table or read lump sum vs annuity: which to take.
Texas lottery tax FAQ
How much tax does Texas take from lottery winnings?
Texas has no state income tax, so lottery winnings face only federal tax.
What would I actually take home from a $500 million jackpot in Texas?
Taking the lump sum (cash value about 47% of the jackpot), you would clear roughly $148,094,043 after federal and state taxes. Taking the 30-year annuity, the after-tax total is roughly $316,321,282, paid in 30 growing installments.
Is the federal tax the same in Texas as everywhere else?
Yes. Federal treatment is identical nationwide: 24% is withheld on prizes over $5,000, and jackpot-size winnings reach the 37% top bracket (income above $640,600 for a single filer in 2026), so the remainder is due when you file.
Do I pay Texas tax if I bought the ticket somewhere else?
State withholding follows the state of purchase. If you live in Texas but bought the winning ticket in another state, that state withholds first — Texas then taxes you as a resident with a credit for tax paid there (rules vary; confirm with a tax professional).