Tennessee Lottery

TNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 Million. If you win the Powerball 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Tennessee Powerball Jackpot/Cash Option for Mon Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(0%)	$0
Net Lumpsum Payment	$25,050,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$0	$864,615
2	$1,374,948	-$469,061 -$0	$905,887
3	$1,443,678	-$494,491 -$0	$949,187
4	$1,515,888	-$521,209 -$0	$994,679
5	$1,591,665	-$549,246 -$0	$1,042,419
6	$1,671,270	-$578,700 -$0	$1,092,570
7	$1,754,790	-$609,603 -$0	$1,145,187
8	$1,842,573	-$642,082 -$0	$1,200,491
9	$1,934,706	-$676,172 -$0	$1,258,534
10	$2,031,450	-$711,967 -$0	$1,319,483
11	$2,132,979	-$749,533 -$0	$1,383,446
12	$2,239,641	-$788,998 -$0	$1,450,643
13	$2,351,610	-$830,426 -$0	$1,521,184
14	$2,469,234	-$873,947 -$0	$1,595,287
15	$2,592,687	-$919,625 -$0	$1,673,062
16	$2,722,317	-$967,588 -$0	$1,754,729
17	$2,858,385	-$1,017,933 -$0	$1,840,452
18	$3,001,326	-$1,070,821 -$0	$1,930,505
19	$3,151,401	-$1,126,349 -$0	$2,025,052
20	$3,308,958	-$1,184,645 -$0	$2,124,313
21	$3,474,432	-$1,245,870 -$0	$2,228,562
22	$3,648,171	-$1,310,154 -$0	$2,338,017
23	$3,830,523	-$1,377,624 -$0	$2,452,899
24	$4,022,097	-$1,448,506 -$0	$2,573,591
25	$4,223,154	-$1,522,897 -$0	$2,700,257
26	$4,434,390	-$1,601,055 -$0	$2,833,335
27	$4,656,066	-$1,683,075 -$0	$2,972,991
28	$4,888,878	-$1,769,215 -$0	$3,119,663
29	$5,133,348	-$1,859,669 -$0	$3,273,679
30	$5,389,998	-$1,954,630 -$0	$3,435,368