Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 5, 2026 is estimated to be $467 Million, with a cash option of 192.4 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 5, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 5, 2026	$467,000,000	$192,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$192,400,000
Federal Tax(24%)	$46,176,000
Additional Federal Tax	$24,972,330
State Tax(2.5%)	$4,810,000
Net Lumpsum Payment	$116,441,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$175,720	$4,292,104
2	$7,380,468	-$2,691,104 -$184,512	$4,504,852
3	$7,749,398	-$2,827,608 -$193,735	$4,728,055
4	$8,137,008	-$2,971,023 -$203,425	$4,962,560
5	$8,543,765	-$3,121,523 -$213,594	$5,208,648
6	$8,971,070	-$3,279,626 -$224,277	$5,467,167
7	$9,419,390	-$3,445,505 -$235,485	$5,738,400
8	$9,890,593	-$3,619,850 -$247,265	$6,023,478
9	$10,385,146	-$3,802,834 -$259,629	$6,322,683
10	$10,904,450	-$3,994,977 -$272,611	$6,636,862
11	$11,449,439	-$4,196,623 -$286,236	$6,966,580
12	$12,021,981	-$4,408,463 -$300,550	$7,312,968
13	$12,623,010	-$4,630,844 -$315,575	$7,676,591
14	$13,254,394	-$4,864,456 -$331,360	$8,058,578
15	$13,917,067	-$5,109,645 -$347,927	$8,459,495
16	$14,612,897	-$5,367,102 -$365,322	$8,880,473
17	$15,343,285	-$5,637,346 -$383,582	$9,322,357
18	$16,110,566	-$5,921,240 -$402,764	$9,786,562
19	$16,916,141	-$6,219,303 -$422,904	$10,273,934
20	$17,761,878	-$6,532,225 -$444,047	$10,785,606
21	$18,650,112	-$6,860,872 -$466,253	$11,322,987
22	$19,582,711	-$7,205,933 -$489,568	$11,887,210
23	$20,561,543	-$7,568,101 -$514,039	$12,479,403
24	$21,589,877	-$7,948,585 -$539,747	$13,101,545
25	$22,669,114	-$8,347,903 -$566,728	$13,754,483
26	$23,802,990	-$8,767,437 -$595,075	$14,440,478
27	$24,992,906	-$9,207,706 -$624,823	$15,160,377
28	$26,242,598	-$9,670,092 -$656,065	$15,916,441
29	$27,554,868	-$10,155,632 -$688,872	$16,710,364
30	$28,932,518	-$10,665,362 -$723,313	$17,543,843