As this jackpot continues to grow, we want to remind our players to play responsibly. We are looking forward to celebrating our largest Lotto Texas jackpot winner since May of 2010 and the first one of this year. “One thing we know for sure is that when someone does win this enormous Lotto Texas jackpot prize, they will be a Texas Lottery player. “This is quite an exciting time for Lotto Texas players, as they have a chance to play for one of the largest advertised jackpot prizes in the game’s history,” said Gary Grief, executive director of the Texas Lottery. Texas lottery winners don't pay a state tax on lottery winnings. If someone wins Saturday night and takes the cash value option, they'll pay approximately $10,056,000 in federal taxes (24%) and take home roughly $31,844,000.
The next drawing offers an estimated cash value of $41.9 million.
There was no winner in Wednesday's Lotto Texas jackpot drawing, sending the largest advertised jackpot in the state lottery in more than 12 years even higher to an estimated $68.75 million for Saturday night - the eighth largest jackpot in Lotto Texas history.
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