0.00% state lottery tax
Texas Powerball Tax Calculator
Last updated:
Texas is one of nine U.S. states that do not tax Powerball winnings at the state level. A winner in Texas pays only the federal taxes — 24% withheld at the source plus an estimated top-bracket adjustment to ~37% — and keeps every dollar of what would otherwise be state tax.
Note: No state income tax
Texas after-tax take-home by jackpot tier
24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.
| Advertised | Cash take-home | Cash effective | Annuity take-home |
|---|---|---|---|
| $100M | $37.9M | 36.86% | $63.1M |
| $300M | $113.5M | 36.95% | $189.1M |
| $500M | $189.1M | 36.97% | $315.1M |
| $700M | $264.7M | 36.98% | $441.1M |
| $1B | $378.1M | 36.99% | $630.1M |
| $1.5B | $567.1M | 36.99% | $945.1M |
| $2B | $756.1M | 36.99% | $1.3B |
Texas vs neighboring states ($1B cash)
| State | Rate | Cash take-home |
|---|---|---|
| Texas (TX) | 0% | $378.1M |
| Louisiana (LA) | 4.25% | $352.6M |
| Oklahoma (OK) | 4.75% | $349.6M |
| New Mexico (NM) | 5.9% | $342.7M |