Saturday's Lotto Texas jackpot jumps to $83 million; it's the largest jackpot in the country and 2nd largest in the world. Here's what you'd take home if you won
There was no winner in Wednesday's Lotto Texas jackpot drawing, sending the largest advertised jackpot in the country to an estimated $83 million for Saturday night -- the prize is the fourth-largest jackpot inThe next drawing offers an estimated cash value of $50.2 million. If you win Saturday night, you'll pay federal taxes of 24% -- $12,048,000 -- and take home 76% -- $38,152,000. Texas lottery winners don't pay a state tax on lottery winnings.
This is the largest Lotto Texas jackpot up for grabs since the drawing on May 29, 2010, when the advertised jackpot reached an estimated $97 million.
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