Tennessee Lottery

TNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of Tennessee, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Tennessee Powerball Jackpot/Cash Option for Mon Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(0%)	$0
Net Lumpsum Payment	$99,138,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$0	$3,216,183
2	$5,294,340	-$1,919,236 -$0	$3,375,104
3	$5,558,990	-$2,017,157 -$0	$3,541,833
4	$5,837,040	-$2,120,035 -$0	$3,717,005
5	$6,128,825	-$2,227,996 -$0	$3,900,829
6	$6,435,350	-$2,341,410 -$0	$4,093,940
7	$6,756,950	-$2,460,402 -$0	$4,296,548
8	$7,094,965	-$2,585,467 -$0	$4,509,498
9	$7,449,730	-$2,716,730 -$0	$4,733,000
10	$7,822,250	-$2,854,563 -$0	$4,967,687
11	$8,213,195	-$2,999,213 -$0	$5,213,982
12	$8,623,905	-$3,151,175 -$0	$5,472,730
13	$9,055,050	-$3,310,699 -$0	$5,744,351
14	$9,507,970	-$3,478,279 -$0	$6,029,691
15	$9,983,335	-$3,654,164 -$0	$6,329,171
16	$10,482,485	-$3,838,850 -$0	$6,643,635
17	$11,006,425	-$4,032,708 -$0	$6,973,717
18	$11,556,830	-$4,236,357 -$0	$7,320,473
19	$12,134,705	-$4,450,171 -$0	$7,684,534
20	$12,741,390	-$4,674,645 -$0	$8,066,745
21	$13,378,560	-$4,910,398 -$0	$8,468,162
22	$14,047,555	-$5,157,926 -$0	$8,889,629
23	$14,749,715	-$5,417,725 -$0	$9,331,990
24	$15,487,385	-$5,690,663 -$0	$9,796,722
25	$16,261,570	-$5,977,111 -$0	$10,284,459
26	$17,074,950	-$6,278,062 -$0	$10,796,888
27	$17,928,530	-$6,593,886 -$0	$11,334,644
28	$18,824,990	-$6,925,577 -$0	$11,899,413
29	$19,766,340	-$7,273,876 -$0	$12,492,464
30	$20,754,590	-$7,639,529 -$0	$13,115,061