Dallas

$17 million jackpot-winning Lotto Texas ticket sold in Dallas

Winner will take home more than $6 million after matching all six numbers drawn (10-14-17-31-38-48) Wednesday night

NBC 5 News

The Texas Lottery says the winning ticket in Wednesday night's $17 million drawing was sold in Dallas.

The annuitized prize was worth $17 million over 30 years, but the player selected the cash value option which dropped the prize to $9,784,117.86 before taxes.

The winner will pay roughly 37% in federal taxes, or $3,620,123.60. Texas doesn't tax lottery winnings, so the state wouldn't take a cut. That would leave the winner with $6,163,994.25. The federal government taxes lottery winnings like income so the taxes due include 24% upfront to the federal government and probably another 13% since the top federal income tax rate is 37%.

The ticket was sold at a 7-Eleven store on the 76000 block of Campbell Road.

The prize has not yet been claimed. The winner has 180 days from the draw date to claim the jackpot.

โ€œWe look forward to meeting and congratulating the fourth Lotto Texas jackpot winner of 2023,โ€ said Gary Grief, executive director of the Texas Lottery. โ€œIf you have the winning ticket, we encourage you to sign the ticket, put it in a safe place, seek financial and legal advice, and call the Texas Lottery to schedule an appointment to claim the prize.โ€

The Texas Lottery said, "in addition to the jackpot-winning prize, 49,789 Lotto Texas tickets, including those with the Extra! add-on feature won lower-tier prizes ranging from $2 to $11,040 for the same drawing."

The jackpot for the next drawing on Saturday has been reset and is estimated to be worth an annuitized $5 million.

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