The jackpot for the Powerball draw on Wed Dec 3, 2025, is projected to be $775 Million, with an option for a cash payout of $362.5 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 Dec 3, 2025 |
|---|
| Draw Date | Wed Dec 3, 2025 | | Projected Jackpot | $775,000,000 | | Cash Value | $362,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $362,500,000 | | Federal Tax(24%) | $87,000,000 | | Additional Federal Tax | $47,085,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $228,414,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,664,525 |
$4,276,205
$0 |
$7,388,320 |
| 2 |
$12,248,100 |
$4,492,127
$0 |
$7,755,973 |
| 3 |
$12,860,350 |
$4,718,660
$0 |
$8,141,690 |
| 4 |
$13,503,600 |
$4,956,662
$0 |
$8,546,938 |
| 5 |
$14,178,625 |
$5,206,422
$0 |
$8,972,203 |
| 6 |
$14,887,750 |
$5,468,798
$0 |
$9,418,952 |
| 7 |
$15,631,750 |
$5,744,078
$0 |
$9,887,672 |
| 8 |
$16,413,725 |
$6,033,409
$0 |
$10,380,316 |
| 9 |
$17,234,450 |
$6,337,077
$0 |
$10,897,373 |
| 10 |
$18,096,250 |
$6,655,943
$0 |
$11,440,307 |
| 11 |
$19,000,675 |
$6,990,580
$0 |
$12,010,095 |
| 12 |
$19,950,825 |
$7,342,136
$0 |
$12,608,689 |
| 13 |
$20,948,250 |
$7,711,183
$0 |
$13,237,067 |
| 14 |
$21,996,050 |
$8,098,869
$0 |
$13,897,181 |
| 15 |
$23,095,775 |
$8,505,767
$0 |
$14,590,008 |
| 16 |
$24,250,525 |
$8,933,025
$0 |
$15,317,500 |
| 17 |
$25,462,625 |
$9,381,502
$0 |
$16,081,123 |
| 18 |
$26,735,950 |
$9,852,632
$0 |
$16,883,318 |
| 19 |
$28,072,825 |
$10,347,276
$0 |
$17,725,549 |
| 20 |
$29,476,350 |
$10,866,580
$0 |
$18,609,770 |
| 21 |
$30,950,400 |
$11,411,978
$0 |
$19,538,422 |
| 22 |
$32,498,075 |
$11,984,618
$0 |
$20,513,457 |
| 23 |
$34,122,475 |
$12,585,646
$0 |
$21,536,829 |
| 24 |
$35,829,025 |
$13,217,070
$0 |
$22,611,955 |
| 25 |
$37,620,050 |
$13,879,749
$0 |
$23,740,301 |
| 26 |
$39,501,750 |
$14,575,978
$0 |
$24,925,772 |
| 27 |
$41,476,450 |
$15,306,617
$0 |
$26,169,833 |
| 28 |
$43,550,350 |
$16,073,960
$0 |
$27,476,390 |
| 29 |
$45,728,100 |
$16,879,727
$0 |
$28,848,373 |
| 30 |
$48,014,350 |
$17,725,640
$0 |
$30,288,710 |
|
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