The spatial error structure of surface precipitation derived from successive versions of the TRMM Multisatellite Precipitation Analysis (TMPA) algorithms are systematically studied through comparison with the Climate Prediction Center Unified Gauge daily precipitation Analysis (CPCUGA) over the Continental United States (CONUS) for 3 years from June 2008 to May 2011. The TMPA products include the version‐6(V6) and version‐7(V7) real‐time products 3B42RT (3B42RTV6 and 3B42RTV7) and research products 3B42 (3B42V6 and 3B42V7). The evaluation shows that 3B42V7 improves upon 3B42V6 over the CONUS regarding 3 year mean daily precipitation: the correlation coefficient (CC) increases from 0.85 in 3B42V6 to 0.92 in 3B42V7; the relative bias (RB) decreases from −22.95% in 3B42V6 to −2.37% in 3B42V7; and the root mean square error (RMSE) decreases from 0.80 in 3B42V6 to 0.48 mm in 3B42V7. Distinct improvement is notable in the mountainous West especially along the coastal northwest mountainous areas, whereas 3B42V6 (also 3B42RTV6 and 3B42RTV7) largely underestimates: the CC increases from 0.86 in 3B42V6 to 0.89 in 3B42V7, and the RB decreases from −44.17% in 3B42V6 to −25.88% in 3B42V7. Over the CONUS, 3B42RTV7 gained a little improvement over 3B42RTV6 as RB varies from −4.06% in 3B42RTV6 to 0.22% in 3B42RTV7. But there is more overestimation with the RB increasing from 8.18% to 14.92% (0.16–3.22%) over the central US (eastern). Key Points Quantified error structures of the latest two‐version TRMM products over CONUS The 3B42V7 effectively improves upon Version‐6 products over the CONUS The 3B42V6 has systematic gauge‐adjustment issues in central CONUS