Jackpot Analysis Tennessee Powerball

Jackpot Analysis for Tennessee Powerball
The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Sat Apr 26, 2025
Draw DateSat Apr 26, 2025
Projected Jackpot$168,000,000
Cash Value$77,100,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$77,100,000
Federal Tax(24%)$18,504,000
Additional Federal Tax$9,983,330
State Tax(0%)$0
Net Lumpsum Payment$48,612,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,528,568 $895,901
$0
$1,632,667
2 $2,655,072 $942,707
$0
$1,712,365
3 $2,787,792 $991,813
$0
$1,795,979
4 $2,927,232 $1,043,406
$0
$1,883,826
5 $3,073,560 $1,097,548
$0
$1,976,012
6 $3,227,280 $1,154,424
$0
$2,072,856
7 $3,388,560 $1,214,098
$0
$2,174,462
8 $3,558,072 $1,276,817
$0
$2,281,255
9 $3,735,984 $1,342,644
$0
$2,393,340
10 $3,922,800 $1,411,766
$0
$2,511,034
11 $4,118,856 $1,484,307
$0
$2,634,549
12 $4,324,824 $1,560,515
$0
$2,764,309
13 $4,541,040 $1,640,515
$0
$2,900,525
14 $4,768,176 $1,724,556
$0
$3,043,620
15 $5,006,568 $1,812,761
$0
$3,193,807
16 $5,256,888 $1,905,379
$0
$3,351,509
17 $5,519,640 $2,002,597
$0
$3,517,043
18 $5,795,664 $2,104,726
$0
$3,690,938
19 $6,085,464 $2,211,952
$0
$3,873,512
20 $6,389,712 $2,324,524
$0
$4,065,188
21 $6,709,248 $2,442,752
$0
$4,266,496
22 $7,044,744 $2,566,886
$0
$4,477,858
23 $7,396,872 $2,697,173
$0
$4,699,699
24 $7,766,808 $2,834,049
$0
$4,932,759
25 $8,155,056 $2,977,701
$0
$5,177,355
26 $8,562,960 $3,128,626
$0
$5,434,334
27 $8,991,024 $3,287,009
$0
$5,704,015
28 $9,440,592 $3,453,349
$0
$5,987,243
29 $9,912,672 $3,628,019
$0
$6,284,653
30 $10,408,272 $3,811,391
$0
$6,596,881