Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(2.5%)	$1,927,500
Net Lumpsum Payment	$46,685,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$63,214	$1,569,453
2	$2,655,072	-$942,707 -$66,377	$1,645,988
3	$2,787,792	-$991,813 -$69,695	$1,726,284
4	$2,927,232	-$1,043,406 -$73,181	$1,810,645
5	$3,073,560	-$1,097,548 -$76,839	$1,899,173
6	$3,227,280	-$1,154,424 -$80,682	$1,992,174
7	$3,388,560	-$1,214,098 -$84,714	$2,089,748
8	$3,558,072	-$1,276,817 -$88,952	$2,192,303
9	$3,735,984	-$1,342,644 -$93,400	$2,299,940
10	$3,922,800	-$1,411,766 -$98,070	$2,412,964
11	$4,118,856	-$1,484,307 -$102,971	$2,531,578
12	$4,324,824	-$1,560,515 -$108,121	$2,656,188
13	$4,541,040	-$1,640,515 -$113,526	$2,786,999
14	$4,768,176	-$1,724,556 -$119,204	$2,924,416
15	$5,006,568	-$1,812,761 -$125,164	$3,068,643
16	$5,256,888	-$1,905,379 -$131,422	$3,220,087
17	$5,519,640	-$2,002,597 -$137,991	$3,379,052
18	$5,795,664	-$2,104,726 -$144,892	$3,546,046
19	$6,085,464	-$2,211,952 -$152,137	$3,721,375
20	$6,389,712	-$2,324,524 -$159,743	$3,905,445
21	$6,709,248	-$2,442,752 -$167,731	$4,098,765
22	$7,044,744	-$2,566,886 -$176,119	$4,301,739
23	$7,396,872	-$2,697,173 -$184,922	$4,514,777
24	$7,766,808	-$2,834,049 -$194,170	$4,738,589
25	$8,155,056	-$2,977,701 -$203,876	$4,973,479
26	$8,562,960	-$3,128,626 -$214,074	$5,220,260
27	$8,991,024	-$3,287,009 -$224,776	$5,479,239
28	$9,440,592	-$3,453,349 -$236,015	$5,751,228
29	$9,912,672	-$3,628,019 -$247,817	$6,036,836
30	$10,408,272	-$3,811,391 -$260,207	$6,336,674