With no winner Wednesday, Saturday's Lotto Texas jackpot now tops $50 million
jackpot, sending the largest advertised jackpot in the state lottery in more than 12 years even higher to an estimated $50.25 million for Saturday night.
Saturday's drawing offers an estimated cash value of $29.57 million. If someone wins Saturday night and takes the cash value option, they'll pay approximately $7,096,800 in federal taxes and take home roughly $22,473,200. Texas lottery winners don't pay a state tax on lottery winnings. If there is no jackpot winner for Saturday night’s Lotto Texas drawing, the jackpot prize for the Monday, March 6 drawing could roll to more than $51 million.
Wednesday'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 was only eclipsed by Wednesday's $143 million
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