Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 9, 2025 is estimated to be $482 Million, with a cash option of 218.9 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 Aug 9, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 9, 2025	$482,000,000	$218,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$218,900,000
Federal Tax(24%)	$52,536,000
Additional Federal Tax	$28,417,330
State Tax(2.5%)	$5,472,500
Net Lumpsum Payment	$132,474,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,254,582	-$2,644,526 -$181,365	$4,428,691
2	$7,617,528	-$2,778,816 -$190,438	$4,648,274
3	$7,998,308	-$2,919,704 -$199,958	$4,878,646
4	$8,398,368	-$3,067,727 -$209,959	$5,120,682
5	$8,818,190	-$3,223,061 -$220,455	$5,374,674
6	$9,259,220	-$3,386,242 -$231,481	$5,641,497
7	$9,721,940	-$3,557,448 -$243,049	$5,921,443
8	$10,208,278	-$3,737,393 -$255,207	$6,215,678
9	$10,718,716	-$3,926,255 -$267,968	$6,524,493
10	$11,254,700	-$4,124,569 -$281,368	$6,848,763
11	$11,817,194	-$4,332,692 -$295,430	$7,189,072
12	$12,408,126	-$4,551,337 -$310,203	$7,546,586
13	$13,028,460	-$4,780,861 -$325,712	$7,921,887
14	$13,680,124	-$5,021,976 -$342,003	$8,316,145
15	$14,364,082	-$5,275,041 -$359,102	$8,729,939
16	$15,082,262	-$5,540,767 -$377,057	$9,164,438
17	$15,836,110	-$5,819,691 -$395,903	$9,620,516
18	$16,628,036	-$6,112,704 -$415,701	$10,099,631
19	$17,459,486	-$6,420,340 -$436,487	$10,602,659
20	$18,332,388	-$6,743,314 -$458,310	$11,130,764
21	$19,249,152	-$7,082,517 -$481,229	$11,685,406
22	$20,211,706	-$7,438,662 -$505,293	$12,267,751
23	$21,221,978	-$7,812,462 -$530,549	$12,878,967
24	$22,283,342	-$8,205,167 -$557,084	$13,521,091
25	$23,397,244	-$8,617,311 -$584,931	$14,195,002
26	$24,567,540	-$9,050,320 -$614,189	$14,903,031
27	$25,795,676	-$9,504,731 -$644,892	$15,646,053
28	$27,085,508	-$9,981,968 -$677,138	$16,426,402
29	$28,439,928	-$10,483,104 -$710,998	$17,245,826
30	$29,861,828	-$11,009,207 -$746,546	$18,106,075