Monday's Lotto Texas jackpot hits $54.5 million, the highest since 2010 -- here's what you'll take home after taxes
jackpot drawing, sending the largest advertised jackpot in the state lottery in more than 12 years even higher to an estimated $54.5 million for Monday night.
Monday's drawing offers an estimated cash value of $33.66 million. If someone wins Monday night and takes the cash value option, they'll pay approximately $8,078,400 in federal taxes and take home roughly $25,581,600. 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 Wednesday, March 22 will climb closer to $55 million.
Monday's annuitized jackpot is the third-largest in North America. Lotto Texas is only eclipsed by multi-state jackpots
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