Even the Powerball payout is bigger in Texas.
Two lucky lotto players in Missouri and Texas will split the near-record $1.78 billion prize after Saturday’s drawing — but the Texas winner is set to come out on top by millions.
The massive payout — the second-largest in the 33-year history of Powerball — will be divvied up between the winners, who will each get approximately $893.5 million before taxes.
But, Texas does not impose a state income tax, which means the Lone Star State winner will walk away with a signficantly bigger payout.
The winning jackpot tickets were finally drawn in Texas and Missouri on Saturday. Getty Images
Both winners will be walloped by the IRS’ automatic 24% withholding on big jackpots, in addition to 37% for federal taxes because the jackpot winners will fal