Tennessee Lottery

TNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 30, 2025 is estimated to be $162 Million, with a cash option of 74.2 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 Jun 30, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 30, 2025	$162,000,000	$74,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$74,200,000
Federal Tax(24%)	$17,808,000
Additional Federal Tax	$9,606,330
State Tax(0%)	$0
Net Lumpsum Payment	$46,785,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,438,262	-$862,487 -$0	$1,575,775
2	$2,560,248	-$907,622 -$0	$1,652,626
3	$2,688,228	-$954,975 -$0	$1,733,253
4	$2,822,688	-$1,004,725 -$0	$1,817,963
5	$2,963,790	-$1,056,933 -$0	$1,906,857
6	$3,112,020	-$1,111,778 -$0	$2,000,242
7	$3,267,540	-$1,169,320 -$0	$2,098,220
8	$3,430,998	-$1,229,800 -$0	$2,201,198
9	$3,602,556	-$1,293,276 -$0	$2,309,280
10	$3,782,700	-$1,359,929 -$0	$2,422,771
11	$3,971,754	-$1,429,879 -$0	$2,541,875
12	$4,170,366	-$1,503,366 -$0	$2,667,000
13	$4,378,860	-$1,580,509 -$0	$2,798,351
14	$4,597,884	-$1,661,547 -$0	$2,936,337
15	$4,827,762	-$1,746,602 -$0	$3,081,160
16	$5,069,142	-$1,835,913 -$0	$3,233,229
17	$5,322,510	-$1,929,659 -$0	$3,392,851
18	$5,588,676	-$2,028,141 -$0	$3,560,535
19	$5,868,126	-$2,131,537 -$0	$3,736,589
20	$6,161,508	-$2,240,088 -$0	$3,921,420
21	$6,469,632	-$2,354,094 -$0	$4,115,538
22	$6,793,146	-$2,473,794 -$0	$4,319,352
23	$7,132,698	-$2,599,429 -$0	$4,533,269
24	$7,489,422	-$2,731,417 -$0	$4,758,005
25	$7,863,804	-$2,869,938 -$0	$4,993,866
26	$8,257,140	-$3,015,472 -$0	$5,241,668
27	$8,669,916	-$3,168,199 -$0	$5,501,717
28	$9,103,428	-$3,328,599 -$0	$5,774,829
29	$9,558,648	-$3,497,030 -$0	$6,061,618
30	$10,036,548	-$3,673,853 -$0	$6,362,695