The jackpot for the Powerball draw on Wed Jul 30, 2025, is projected to be $384 Million, with an option for a cash payout of $173.1 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in Tennessee, the bright side is you won't have to pay any state taxes on your lottery prize.
| Tennessee Powerball Jackpot/Cash Option for Wed Jul 30, 2025 |
|---|
| Draw Date | Wed Jul 30, 2025 | | Projected Jackpot | $384,000,000 | | Cash Value | $173,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $173,100,000 | | Federal Tax(24%) | $41,544,000 | | Additional Federal Tax | $22,463,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $109,092,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,779,584 |
$2,098,776
$0 |
$3,680,808 |
| 2 |
$6,068,736 |
$2,205,763
$0 |
$3,862,973 |
| 3 |
$6,372,096 |
$2,318,006
$0 |
$4,054,090 |
| 4 |
$6,690,816 |
$2,435,932
$0 |
$4,254,884 |
| 5 |
$7,025,280 |
$2,559,684
$0 |
$4,465,596 |
| 6 |
$7,376,640 |
$2,689,687
$0 |
$4,686,953 |
| 7 |
$7,745,280 |
$2,826,084
$0 |
$4,919,196 |
| 8 |
$8,132,736 |
$2,969,443
$0 |
$5,163,293 |
| 9 |
$8,539,392 |
$3,119,905
$0 |
$5,419,487 |
| 10 |
$8,966,400 |
$3,277,898
$0 |
$5,688,502 |
| 11 |
$9,414,528 |
$3,443,706
$0 |
$5,970,822 |
| 12 |
$9,885,312 |
$3,617,896
$0 |
$6,267,416 |
| 13 |
$10,379,520 |
$3,800,753
$0 |
$6,578,767 |
| 14 |
$10,898,688 |
$3,992,845
$0 |
$6,905,843 |
| 15 |
$11,443,584 |
$4,194,456
$0 |
$7,249,128 |
| 16 |
$12,015,744 |
$4,406,156
$0 |
$7,609,588 |
| 17 |
$12,616,320 |
$4,628,369
$0 |
$7,987,951 |
| 18 |
$13,247,232 |
$4,861,806
$0 |
$8,385,426 |
| 19 |
$13,909,632 |
$5,106,894
$0 |
$8,802,738 |
| 20 |
$14,605,056 |
$5,364,201
$0 |
$9,240,855 |
| 21 |
$15,335,424 |
$5,634,437
$0 |
$9,700,987 |
| 22 |
$16,102,272 |
$5,918,171
$0 |
$10,184,101 |
| 23 |
$16,907,136 |
$6,215,971
$0 |
$10,691,165 |
| 24 |
$17,752,704 |
$6,528,831
$0 |
$11,223,873 |
| 25 |
$18,640,128 |
$6,857,178
$0 |
$11,782,950 |
| 26 |
$19,572,480 |
$7,202,148
$0 |
$12,370,332 |
| 27 |
$20,550,912 |
$7,564,168
$0 |
$12,986,744 |
| 28 |
$21,578,496 |
$7,944,374
$0 |
$13,634,122 |
| 29 |
$22,657,536 |
$8,343,619
$0 |
$14,313,917 |
| 30 |
$23,790,336 |
$8,762,755
$0 |
$15,027,581 |
|
|
