Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 26, 2026 is estimated to be $687 Million, with a cash option of 294.7 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. Additionally, if you are a resident of Arizona, your state will take 2.5% of 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.

Arizona Powerball Jackpot/Cash Option for Mon Oct 26, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 26, 2026	$687,000,000	$294,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,700,000
Federal Tax(24%)	$70,728,000
Additional Federal Tax	$38,271,330
State Tax(2.5%)	$7,367,500
Net Lumpsum Payment	$178,333,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,340,037	-$3,786,144 -$258,501	$6,295,392
2	$10,857,348	-$3,977,549 -$271,434	$6,608,365
3	$11,400,078	-$4,178,359 -$285,002	$6,936,717
4	$11,970,288	-$4,389,337 -$299,257	$7,281,694
5	$12,568,665	-$4,610,736 -$314,217	$7,643,712
6	$13,197,270	-$4,843,320 -$329,932	$8,024,018
7	$13,856,790	-$5,087,343 -$346,420	$8,423,027
8	$14,549,973	-$5,343,820 -$363,749	$8,842,404
9	$15,277,506	-$5,613,008 -$381,938	$9,282,560
10	$16,041,450	-$5,895,667 -$401,036	$9,744,747
11	$16,843,179	-$6,192,307 -$421,079	$10,229,793
12	$17,685,441	-$6,503,944 -$442,136	$10,739,361
13	$18,569,610	-$6,831,086 -$464,240	$11,274,284
14	$19,498,434	-$7,174,751 -$487,461	$11,836,222
15	$20,473,287	-$7,535,447 -$511,832	$12,426,008
16	$21,496,917	-$7,914,190 -$537,423	$13,045,304
17	$22,571,385	-$8,311,743 -$564,285	$13,695,357
18	$23,700,126	-$8,729,377 -$592,503	$14,378,246
19	$24,885,201	-$9,167,855 -$622,130	$15,095,216
20	$26,129,358	-$9,628,193 -$653,234	$15,847,931
21	$27,436,032	-$10,111,662 -$685,901	$16,638,469
22	$28,807,971	-$10,619,280 -$720,199	$17,468,492
23	$30,247,923	-$11,152,062 -$756,198	$18,339,663
24	$31,760,697	-$11,711,788 -$794,017	$19,254,892
25	$33,348,354	-$12,299,221 -$833,709	$20,215,424
26	$35,016,390	-$12,916,395 -$875,410	$21,224,585
27	$36,766,866	-$13,564,071 -$919,172	$22,283,623
28	$38,605,278	-$14,244,283 -$965,132	$23,395,863
29	$40,535,748	-$14,958,557 -$1,013,394	$24,563,797
30	$42,562,398	-$15,708,418 -$1,064,060	$25,789,920