Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 7, 2025 is estimated to be $44 Million, with a cash option of 19.7 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 Jun 7, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 7, 2025	$44,000,000	$19,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,700,000
Federal Tax(24%)	$4,728,000
Additional Federal Tax	$2,521,330
State Tax(2.5%)	$492,500
Net Lumpsum Payment	$11,958,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$662,244	-$205,361 -$16,556	$440,327
2	$695,376	-$217,620 -$17,384	$460,372
3	$730,136	-$230,481 -$18,253	$481,402
4	$766,656	-$243,993 -$19,166	$503,497
5	$804,980	-$258,173 -$20,125	$526,682
6	$845,240	-$273,069 -$21,131	$551,040
7	$887,480	-$288,698 -$22,187	$576,595
8	$931,876	-$305,125 -$23,297	$603,454
9	$978,472	-$322,365 -$24,462	$631,645
10	$1,027,400	-$340,468 -$25,685	$661,247
11	$1,078,748	-$359,467 -$26,969	$692,312
12	$1,132,692	-$379,426 -$28,317	$724,949
13	$1,189,320	-$400,379 -$29,733	$759,208
14	$1,248,808	-$422,389 -$31,220	$795,199
15	$1,311,244	-$445,491 -$32,781	$832,972
16	$1,376,804	-$469,748 -$34,420	$872,636
17	$1,445,620	-$495,210 -$36,141	$914,269
18	$1,517,912	-$521,958 -$37,948	$958,006
19	$1,593,812	-$550,041 -$39,845	$1,003,926
20	$1,673,496	-$579,524 -$41,837	$1,052,135
21	$1,757,184	-$610,488 -$43,930	$1,102,766
22	$1,845,052	-$643,000 -$46,126	$1,155,926
23	$1,937,276	-$677,123 -$48,432	$1,211,721
24	$2,034,164	-$712,971 -$50,854	$1,270,339
25	$2,135,848	-$750,594 -$53,396	$1,331,858
26	$2,242,680	-$790,122 -$56,067	$1,396,491
27	$2,354,792	-$831,603 -$58,870	$1,464,319
28	$2,472,536	-$875,169 -$61,813	$1,535,554
29	$2,596,176	-$920,916 -$64,904	$1,610,356
30	$2,725,976	-$968,942 -$68,149	$1,688,885