Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 22, 2025 is estimated to be $215 Million, with a cash option of 99.3 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 Sat Feb 22, 2025

Draw Date	Jackpot	Cash Option
Sat Feb 22, 2025	$215,000,000	$99,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,300,000
Federal Tax(24%)	$23,832,000
Additional Federal Tax	$12,869,330
State Tax(2.5%)	$2,482,500
Net Lumpsum Payment	$60,116,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,235,965	-$1,157,637 -$80,899	$1,997,429
2	$3,397,860	-$1,217,539 -$84,947	$2,095,374
3	$3,567,710	-$1,280,383 -$89,193	$2,198,134
4	$3,746,160	-$1,346,410 -$93,654	$2,306,096
5	$3,933,425	-$1,415,698 -$98,336	$2,419,391
6	$4,130,150	-$1,488,486 -$103,254	$2,538,410
7	$4,336,550	-$1,564,854 -$108,414	$2,663,282
8	$4,553,485	-$1,645,120 -$113,837	$2,794,528
9	$4,781,170	-$1,729,363 -$119,529	$2,932,278
10	$5,020,250	-$1,817,823 -$125,506	$3,076,921
11	$5,271,155	-$1,910,658 -$131,779	$3,228,718
12	$5,534,745	-$2,008,186 -$138,369	$3,388,190
13	$5,811,450	-$2,110,567 -$145,286	$3,555,597
14	$6,102,130	-$2,218,118 -$152,553	$3,731,459
15	$6,407,215	-$2,331,000 -$160,180	$3,916,035
16	$6,727,565	-$2,449,529 -$168,189	$4,109,847
17	$7,063,825	-$2,573,946 -$176,596	$4,313,283
18	$7,417,070	-$2,704,646 -$185,427	$4,526,997
19	$7,787,945	-$2,841,870 -$194,699	$4,751,376
20	$8,177,310	-$2,985,935 -$204,433	$4,986,942
21	$8,586,240	-$3,137,239 -$214,656	$5,234,345
22	$9,015,595	-$3,296,101 -$225,390	$5,494,104
23	$9,466,235	-$3,462,837 -$236,656	$5,766,742
24	$9,939,665	-$3,638,006 -$248,492	$6,053,167
25	$10,436,530	-$3,821,846 -$260,913	$6,353,771
26	$10,958,550	-$4,014,994 -$273,964	$6,669,592
27	$11,506,370	-$4,217,687 -$287,659	$7,001,024
28	$12,081,710	-$4,430,563 -$302,043	$7,349,104
29	$12,685,860	-$4,654,099 -$317,147	$7,714,614
30	$13,320,110	-$4,888,771 -$333,003	$8,098,336