Jackpot Analysis Tennessee Powerball

Jackpot Analysis for Tennessee Powerball
The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 2, 2025
Draw DateWed Jul 2, 2025
Projected Jackpot$174,000,000
Cash Value$79,700,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$79,700,000
Federal Tax(24%)$19,128,000
Additional Federal Tax$10,321,330
State Tax(0%)$0
Net Lumpsum Payment$50,250,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,618,874 $929,314
$0
$1,689,560
2 $2,749,896 $977,792
$0
$1,772,104
3 $2,887,356 $1,028,652
$0
$1,858,704
4 $3,031,776 $1,082,088
$0
$1,949,688
5 $3,183,330 $1,138,162
$0
$2,045,168
6 $3,342,540 $1,197,070
$0
$2,145,470
7 $3,509,580 $1,258,875
$0
$2,250,705
8 $3,685,146 $1,323,834
$0
$2,361,312
9 $3,869,412 $1,392,013
$0
$2,477,399
10 $4,062,900 $1,463,603
$0
$2,599,297
11 $4,265,958 $1,538,735
$0
$2,727,223
12 $4,479,282 $1,617,665
$0
$2,861,617
13 $4,703,220 $1,700,522
$0
$3,002,698
14 $4,938,468 $1,787,564
$0
$3,150,904
15 $5,185,374 $1,878,919
$0
$3,306,455
16 $5,444,634 $1,974,845
$0
$3,469,789
17 $5,716,770 $2,075,535
$0
$3,641,235
18 $6,002,652 $2,181,312
$0
$3,821,340
19 $6,302,802 $2,292,367
$0
$4,010,435
20 $6,617,916 $2,408,959
$0
$4,208,957
21 $6,948,864 $2,531,410
$0
$4,417,454
22 $7,296,342 $2,659,977
$0
$4,636,365
23 $7,661,046 $2,794,917
$0
$4,866,129
24 $8,044,194 $2,936,682
$0
$5,107,512
25 $8,446,308 $3,085,464
$0
$5,360,844
26 $8,868,780 $3,241,779
$0
$5,627,001
27 $9,312,132 $3,405,819
$0
$5,906,313
28 $9,777,756 $3,578,100
$0
$6,199,656
29 $10,266,696 $3,759,008
$0
$6,507,688
30 $10,779,996 $3,948,929
$0
$6,831,067