Tennessee Lottery

TNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of Tennessee, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Tennessee MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(0%)	$0
Net Lumpsum Payment	$234,210,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$0	$7,625,374
2	$12,643,200	-$4,638,314 -$0	$8,004,886
3	$13,275,200	-$4,872,154 -$0	$8,403,046
4	$13,939,200	-$5,117,834 -$0	$8,821,366
5	$14,636,000	-$5,375,650 -$0	$9,260,350
6	$15,368,000	-$5,646,490 -$0	$9,721,510
7	$16,136,000	-$5,930,650 -$0	$10,205,350
8	$16,943,200	-$6,229,314 -$0	$10,713,886
9	$17,790,400	-$6,542,778 -$0	$11,247,622
10	$18,680,000	-$6,871,930 -$0	$11,808,070
11	$19,613,600	-$7,217,362 -$0	$12,396,238
12	$20,594,400	-$7,580,258 -$0	$13,014,142
13	$21,624,000	-$7,961,210 -$0	$13,662,790
14	$22,705,600	-$8,361,402 -$0	$14,344,198
15	$23,840,800	-$8,781,426 -$0	$15,059,374
16	$25,032,800	-$9,222,466 -$0	$15,810,334
17	$26,284,000	-$9,685,410 -$0	$16,598,590
18	$27,598,400	-$10,171,738 -$0	$17,426,662
19	$28,978,400	-$10,682,338 -$0	$18,296,062
20	$30,427,200	-$11,218,394 -$0	$19,208,806
21	$31,948,800	-$11,781,386 -$0	$20,167,414
22	$33,546,400	-$12,372,498 -$0	$21,173,902
23	$35,223,200	-$12,992,914 -$0	$22,230,286
24	$36,984,800	-$13,644,706 -$0	$23,340,094
25	$38,833,600	-$14,328,762 -$0	$24,504,838
26	$40,776,000	-$15,047,450 -$0	$25,728,550
27	$42,814,400	-$15,801,658 -$0	$27,012,742
28	$44,955,200	-$16,593,754 -$0	$28,361,446
29	$47,203,200	-$17,425,514 -$0	$29,777,686
30	$49,563,200	-$18,298,714 -$0	$31,264,486