Monday's Lotto Texas jackpot rolled again, hits $51 million. Here's the payout after taxes
jackpot, sending the largest advertised jackpot in the state lottery in more than 12 years even higher to an estimated $51 million for Monday night.
Monday's drawing offers an estimated cash value of $30 million. If someone wins Monday night and takes the cash value option, they'll pay approximately $7,200,000 in federal taxes and take home roughly $22,800,000. Texas lottery winners don't pay a state tax on lottery winnings. If there is no jackpot winner for Monday night’s Lotto Texas drawing, the jackpot prize for the Wednesday, March 8 drawing will be around $51.75 million.
Saturday's annuitized jackpot was the third-largest in North America and fourth-largest in the world going into the drawing. In North America, Lotto Texas is only eclipsed by Tuesday's $188 million
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