Jackpot Analysis Tennessee Powerball

Jackpot Analysis for Tennessee Powerball
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 DateWed 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