![]() ![]() Use our Powerball payout and tax calculator to find out how much taxes you need to pay if you win the Powerball jackpot – for both cash and annuity options. There is no state tax for lottery winnings in the state of Tennessee but you still owe federal taxes at a withholding rate of 24%. How much tax do you pay on Tennessee lottery winnings? CT on Wednesdays and Saturdays, approximately an hour before the draw. Ticket sales for Tennessee Powerball stop at 9:00 p.m. How late can you buy Powerball tickets in Tennessee? Tennessee Powerball drawings are held every Wednesday and Saturday at 9:59 p.m. Refer to the chart above for detailed Tennessee Powerball payouts and prize amounts. 20 hours ago &0183 &32 All prize amounts based on a ticket cost of 1. ![]() You win $1 million when you match all of the 5 white balls but not the Powerball number.īy adding Power Play ®, for $1 more per play, you can multiply all non-jackpot prizes by 2X, 3X, 4X, 5X or 10X. To win the Powerball jackpot, match all 5 white balls and also the Powerball number. The table below shows the payout schedule for a jackpot of 235,000,000 for a ticket purchased in Tennessee, including taxes withheld. Tennessee Powerball FAQs How do you win Tennessee Powerball? The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.
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