Tennessee Lottery

TNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 19, 2025 is estimated to be $134 Million, with a cash option of 60.3 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 May 19, 2025

Draw Date	Jackpot	Cash Option
Mon May 19, 2025	$134,000,000	$60,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$60,300,000
Federal Tax(24%)	$14,472,000
Additional Federal Tax	$7,799,330
State Tax(0%)	$0
Net Lumpsum Payment	$38,028,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,016,834	-$706,559 -$0	$1,310,275
2	$2,117,736	-$743,893 -$0	$1,373,843
3	$2,223,596	-$783,061 -$0	$1,440,535
4	$2,334,816	-$824,212 -$0	$1,510,604
5	$2,451,530	-$867,396 -$0	$1,584,134
6	$2,574,140	-$912,762 -$0	$1,661,378
7	$2,702,780	-$960,359 -$0	$1,742,421
8	$2,837,986	-$1,010,385 -$0	$1,827,601
9	$2,979,892	-$1,062,890 -$0	$1,917,002
10	$3,128,900	-$1,118,023 -$0	$2,010,877
11	$3,285,278	-$1,175,883 -$0	$2,109,395
12	$3,449,562	-$1,236,668 -$0	$2,212,894
13	$3,622,020	-$1,300,478 -$0	$2,321,542
14	$3,803,188	-$1,367,510 -$0	$2,435,678
15	$3,993,334	-$1,437,864 -$0	$2,555,470
16	$4,192,994	-$1,511,738 -$0	$2,681,256
17	$4,402,570	-$1,589,281 -$0	$2,813,289
18	$4,622,732	-$1,670,741 -$0	$2,951,991
19	$4,853,882	-$1,756,267 -$0	$3,097,615
20	$5,096,556	-$1,846,056 -$0	$3,250,500
21	$5,351,424	-$1,940,357 -$0	$3,411,067
22	$5,619,022	-$2,039,369 -$0	$3,579,653
23	$5,899,886	-$2,143,288 -$0	$3,756,598
24	$6,194,954	-$2,252,463 -$0	$3,942,491
25	$6,504,628	-$2,367,043 -$0	$4,137,585
26	$6,829,980	-$2,487,423 -$0	$4,342,557
27	$7,171,412	-$2,613,753 -$0	$4,557,659
28	$7,529,996	-$2,746,429 -$0	$4,783,567
29	$7,906,536	-$2,885,749 -$0	$5,020,787
30	$8,301,836	-$3,032,010 -$0	$5,269,826