The jackpot for the Powerball draw on Sat Oct 11, 2025, is projected to be $244 Million, with an option for a cash payout of $114.2 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 Sat Oct 11, 2025 |
|---|
| Draw Date | Sat Oct 11, 2025 | | Projected Jackpot | $244,000,000 | | Cash Value | $114,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $114,200,000 | | Federal Tax(24%) | $27,408,000 | | Additional Federal Tax | $14,806,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $71,985,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$0 |
$2,353,309 |
| 2 |
$3,856,176 |
$1,387,116
$0 |
$2,469,060 |
| 3 |
$4,048,936 |
$1,458,437
$0 |
$2,590,499 |
| 4 |
$4,251,456 |
$1,533,369
$0 |
$2,718,087 |
| 5 |
$4,463,980 |
$1,612,003
$0 |
$2,851,977 |
| 6 |
$4,687,240 |
$1,694,609
$0 |
$2,992,631 |
| 7 |
$4,921,480 |
$1,781,278
$0 |
$3,140,202 |
| 8 |
$5,167,676 |
$1,872,371
$0 |
$3,295,305 |
| 9 |
$5,426,072 |
$1,967,977
$0 |
$3,458,095 |
| 10 |
$5,697,400 |
$2,068,368
$0 |
$3,629,032 |
| 11 |
$5,982,148 |
$2,173,725
$0 |
$3,808,423 |
| 12 |
$6,281,292 |
$2,284,408
$0 |
$3,996,884 |
| 13 |
$6,595,320 |
$2,400,599
$0 |
$4,194,721 |
| 14 |
$6,925,208 |
$2,522,657
$0 |
$4,402,551 |
| 15 |
$7,271,444 |
$2,650,765
$0 |
$4,620,679 |
| 16 |
$7,635,004 |
$2,785,282
$0 |
$4,849,722 |
| 17 |
$8,016,620 |
$2,926,480
$0 |
$5,090,140 |
| 18 |
$8,417,512 |
$3,074,810
$0 |
$5,342,702 |
| 19 |
$8,838,412 |
$3,230,543
$0 |
$5,607,869 |
| 20 |
$9,280,296 |
$3,394,040
$0 |
$5,886,256 |
| 21 |
$9,744,384 |
$3,565,752
$0 |
$6,178,632 |
| 22 |
$10,231,652 |
$3,746,042
$0 |
$6,485,610 |
| 23 |
$10,743,076 |
$3,935,269
$0 |
$6,807,807 |
| 24 |
$11,280,364 |
$4,134,065
$0 |
$7,146,299 |
| 25 |
$11,844,248 |
$4,342,702
$0 |
$7,501,546 |
| 26 |
$12,436,680 |
$4,561,902
$0 |
$7,874,778 |
| 27 |
$13,058,392 |
$4,791,935
$0 |
$8,266,457 |
| 28 |
$13,711,336 |
$5,033,525
$0 |
$8,677,811 |
| 29 |
$14,396,976 |
$5,287,212
$0 |
$9,109,764 |
| 30 |
$15,116,776 |
$5,553,538
$0 |
$9,563,238 |
|
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