Texas Two Step
Latest draw · Thursday, October 1, 2026
Texas Two Step Tax Calculator
See what you'd really take home from a Texas Two Step prize after federal and Texas state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $475,000
- Federal tax
- − $136,625
- State tax (Texas · 0%)
- − $0
- Net take-home
- $338,375
🎉 Texas doesn't tax lottery winnings — you only pay federal tax on your Texas Two Step prize.
Estimate only — uses single-filer federal brackets and Texas's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Texas Two Step take-home by state
What you'd keep from a $475,000 Texas Two Step prize (lump sum) after federal + state tax, ranked best to worst. Change the amount or payout above to update.
| State | Take-home | Effective tax |
|---|---|---|
| Alaskano state tax | $338,375 | 29% |
| Californiano state tax | $338,375 | 29% |
| Floridano state tax | $338,375 | 29% |
| New Hampshireno state tax | $338,375 | 29% |
| South Dakotano state tax | $338,375 | 29% |
| Tennesseeno state tax | $338,375 | 29% |
| Texasno state tax(this game) | $338,375 | 29% |
| Washingtonno state tax | $338,375 | 29% |
| Wyomingno state tax | $338,375 | 29% |
| Arizona | $326,500 | 31% |
| North Dakota | $326,500 | 31% |
| Pennsylvania | $323,793 | 32% |
| Indiana | $323,413 | 32% |
| Ohio | $321,750 | 32% |
| Kentucky | $319,375 | 33% |
| Louisiana | $318,188 | 33% |
| Michigan | $318,188 | 33% |
| Arkansas | $317,475 | 33% |
| Colorado | $317,475 | 33% |
| North Carolina | $317,000 | 33% |
| Utah | $316,288 | 33% |
| Oklahoma | $315,813 | 34% |
| Missouri | $315,575 | 34% |
| Illinois | $314,863 | 34% |
| Alabama | $314,625 | 34% |
| Massachusetts | $314,625 | 34% |
| Mississippi | $314,625 | 34% |
| West Virginia | $314,055 | 34% |
| Georgia | $312,298 | 34% |
| Kansas | $311,300 | 34% |
| Maryland | $311,063 | 35% |
| Virginia | $311,063 | 35% |
| Idaho | $310,825 | 35% |
| Nebraska | $310,635 | 35% |
| Montana | $310,350 | 35% |
| New Mexico | $310,350 | 35% |
| Rhode Island | $309,923 | 35% |
| Iowa | $309,875 | 35% |
| South Carolina | $307,975 | 35% |
| Delaware | $307,025 | 35% |
| Connecticut | $305,173 | 36% |
| Maine | $304,413 | 36% |
| Wisconsin | $302,038 | 36% |
| Vermont | $296,813 | 38% |
| Minnesota | $291,588 | 39% |
| Oregon | $291,350 | 39% |
| District of Columbia | $287,313 | 40% |
| New Jersey | $287,313 | 40% |
| New York | $286,600 | 40% |
Assumes you claim as a resident of that state. Estimate only, single-filer brackets. Not tax advice.
Texas Two Step tax FAQ
How much tax do you pay on a Texas Two Step jackpot in Texas?
On a $475,000 Texas Two Step jackpot taken as a lump sum, you'd pay about $136,625 in federal tax and no Texas state tax, leaving roughly $338,375.
Does Texas tax Texas Two Step lottery winnings?
No — Texas does not tax lottery winnings, so you only pay federal tax on a Texas Two Step prize.
Should I take the Texas Two Step lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.
