Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 17, 2025 is estimated to be $123 Million, with a cash option of 55.9 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 May 17, 2025

Draw Date	Jackpot	Cash Option
Sat May 17, 2025	$123,000,000	$55,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,900,000
Federal Tax(24%)	$13,416,000
Additional Federal Tax	$7,227,330
State Tax(2.5%)	$1,397,500
Net Lumpsum Payment	$33,859,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,851,273	-$645,301 -$46,282	$1,159,690
2	$1,943,892	-$679,570 -$48,597	$1,215,725
3	$2,041,062	-$715,523 -$51,027	$1,274,512
4	$2,143,152	-$753,297 -$53,579	$1,336,276
5	$2,250,285	-$792,936 -$56,257	$1,401,092
6	$2,362,830	-$834,577 -$59,071	$1,469,182
7	$2,480,910	-$878,267 -$62,023	$1,540,620
8	$2,605,017	-$924,187 -$65,125	$1,615,705
9	$2,735,274	-$972,382 -$68,382	$1,694,510
10	$2,872,050	-$1,022,989 -$71,801	$1,777,260
11	$3,015,591	-$1,076,099 -$75,390	$1,864,102
12	$3,166,389	-$1,131,894 -$79,160	$1,955,335
13	$3,324,690	-$1,190,466 -$83,117	$2,051,107
14	$3,490,986	-$1,251,995 -$87,275	$2,151,716
15	$3,665,523	-$1,316,574 -$91,638	$2,257,311
16	$3,848,793	-$1,384,384 -$96,220	$2,368,189
17	$4,041,165	-$1,455,561 -$101,029	$2,484,575
18	$4,243,254	-$1,530,334 -$106,081	$2,606,839
19	$4,455,429	-$1,608,839 -$111,386	$2,735,204
20	$4,678,182	-$1,691,258 -$116,955	$2,869,969
21	$4,912,128	-$1,777,818 -$122,803	$3,011,507
22	$5,157,759	-$1,868,701 -$128,944	$3,160,114
23	$5,415,567	-$1,964,090 -$135,389	$3,316,088
24	$5,686,413	-$2,064,303 -$142,160	$3,479,950
25	$5,970,666	-$2,169,477 -$149,267	$3,651,922
26	$6,269,310	-$2,279,975 -$156,733	$3,832,602
27	$6,582,714	-$2,395,935 -$164,568	$4,022,211
28	$6,911,862	-$2,517,719 -$172,797	$4,221,346
29	$7,257,492	-$2,645,602 -$181,437	$4,430,453
30	$7,620,342	-$2,779,857 -$190,509	$4,649,976