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. Tennessee - Powerball Powerball Only, 4, 228,090 5 of 5 with Power Play, 2,000,000, 0 4 of 5 + Powerball with Power Play, 100,000, 1 4 of 5 with Power. 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. Tennessee Powerball FAQs How do you win Tennessee Powerball? Powerball Calculator: Payout, Tax & Annuity Explained.Mega Millions Payout Calculator: Payout, Tax & Annuity Explained.
