Tennessee Lottery

TNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 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 Nov 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(0%)	$0
Net Lumpsum Payment	$124,779,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$0	$4,012,682
2	$6,621,876	-$2,410,425 -$0	$4,211,451
3	$6,952,886	-$2,532,898 -$0	$4,419,988
4	$7,300,656	-$2,661,573 -$0	$4,639,083
5	$7,665,605	-$2,796,604 -$0	$4,869,001
6	$8,048,990	-$2,938,457 -$0	$5,110,533
7	$8,451,230	-$3,087,285 -$0	$5,363,945
8	$8,874,001	-$3,243,711 -$0	$5,630,290
9	$9,317,722	-$3,407,888 -$0	$5,909,834
10	$9,783,650	-$3,580,281 -$0	$6,203,369
11	$10,272,623	-$3,761,201 -$0	$6,511,422
12	$10,786,317	-$3,951,268 -$0	$6,835,049
13	$11,325,570	-$4,150,791 -$0	$7,174,779
14	$11,892,058	-$4,360,392 -$0	$7,531,666
15	$12,486,619	-$4,580,379 -$0	$7,906,240
16	$13,110,929	-$4,811,374 -$0	$8,299,555
17	$13,766,245	-$5,053,841 -$0	$8,712,404
18	$14,454,662	-$5,308,555 -$0	$9,146,107
19	$15,177,437	-$5,575,982 -$0	$9,601,455
20	$15,936,246	-$5,856,741 -$0	$10,079,505
21	$16,733,184	-$6,151,608 -$0	$10,581,576
22	$17,569,927	-$6,461,203 -$0	$11,108,724
23	$18,448,151	-$6,786,146 -$0	$11,662,005
24	$19,370,789	-$7,127,522 -$0	$12,243,267
25	$20,339,098	-$7,485,797 -$0	$12,853,301
26	$21,356,430	-$7,862,209 -$0	$13,494,221
27	$22,424,042	-$8,257,226 -$0	$14,166,816
28	$23,545,286	-$8,672,086 -$0	$14,873,200
29	$24,722,676	-$9,107,721 -$0	$15,614,955
30	$25,958,726	-$9,565,059 -$0	$16,393,667