Tennessee Lottery

TNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(0%)	$0
Net Lumpsum Payment	$191,055,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$0	$6,240,983
2	$10,335,816	-$3,784,582 -$0	$6,551,234
3	$10,852,476	-$3,975,747 -$0	$6,876,729
4	$11,395,296	-$4,176,590 -$0	$7,218,706
5	$11,964,930	-$4,387,354 -$0	$7,577,576
6	$12,563,340	-$4,608,766 -$0	$7,954,574
7	$13,191,180	-$4,841,067 -$0	$8,350,113
8	$13,851,066	-$5,085,225 -$0	$8,765,841
9	$14,543,652	-$5,341,482 -$0	$9,202,170
10	$15,270,900	-$5,610,563 -$0	$9,660,337
11	$16,034,118	-$5,892,954 -$0	$10,141,164
12	$16,835,922	-$6,189,622 -$0	$10,646,300
13	$17,677,620	-$6,501,050 -$0	$11,176,570
14	$18,561,828	-$6,828,207 -$0	$11,733,621
15	$19,489,854	-$7,171,576 -$0	$12,318,278
16	$20,464,314	-$7,532,127 -$0	$12,932,187
17	$21,487,170	-$7,910,583 -$0	$13,576,587
18	$22,561,692	-$8,308,156 -$0	$14,253,536
19	$23,689,842	-$8,725,572 -$0	$14,964,270
20	$24,874,236	-$9,163,798 -$0	$15,710,438
21	$26,118,144	-$9,624,044 -$0	$16,494,100
22	$27,424,182	-$10,107,278 -$0	$17,316,904
23	$28,794,966	-$10,614,468 -$0	$18,180,498
24	$30,235,074	-$11,147,308 -$0	$19,087,766
25	$31,746,468	-$11,706,524 -$0	$20,039,944
26	$33,334,380	-$12,294,051 -$0	$21,040,329
27	$35,000,772	-$12,910,616 -$0	$22,090,156
28	$36,750,876	-$13,558,155 -$0	$23,192,721
29	$38,588,616	-$14,238,118 -$0	$24,350,498
30	$40,517,916	-$14,951,959 -$0	$25,565,957