Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 19, 2025 is estimated to be $288 Million, with a cash option of 130.6 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 Jul 19, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 19, 2025	$288,000,000	$130,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$130,600,000
Federal Tax(24%)	$31,344,000
Additional Federal Tax	$16,938,330
State Tax(2.5%)	$3,265,000
Net Lumpsum Payment	$79,052,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,334,688	-$1,564,165 -$108,367	$2,662,156
2	$4,551,552	-$1,644,405 -$113,789	$2,793,358
3	$4,779,072	-$1,728,587 -$119,477	$2,931,008
4	$5,018,112	-$1,817,032 -$125,453	$3,075,627
5	$5,268,960	-$1,909,846 -$131,724	$3,227,390
6	$5,532,480	-$2,007,348 -$138,312	$3,386,820
7	$5,808,960	-$2,109,646 -$145,224	$3,554,090
8	$6,099,552	-$2,217,165 -$152,489	$3,729,898
9	$6,404,544	-$2,330,012 -$160,114	$3,914,418
10	$6,724,800	-$2,448,506 -$168,120	$4,108,174
11	$7,060,896	-$2,572,862 -$176,522	$4,311,512
12	$7,413,984	-$2,703,504 -$185,350	$4,525,130
13	$7,784,640	-$2,840,647 -$194,616	$4,749,377
14	$8,174,016	-$2,984,716 -$204,350	$4,984,950
15	$8,582,688	-$3,135,925 -$214,567	$5,232,196
16	$9,011,808	-$3,294,699 -$225,295	$5,491,814
17	$9,462,240	-$3,461,359 -$236,556	$5,764,325
18	$9,935,424	-$3,636,437 -$248,386	$6,050,601
19	$10,432,224	-$3,820,253 -$260,806	$6,351,165
20	$10,953,792	-$4,013,233 -$273,845	$6,666,714
21	$11,501,568	-$4,215,911 -$287,539	$6,998,118
22	$12,076,704	-$4,428,711 -$301,918	$7,346,075
23	$12,680,352	-$4,652,061 -$317,009	$7,711,282
24	$13,314,528	-$4,886,706 -$332,863	$8,094,959
25	$13,980,096	-$5,132,966 -$349,502	$8,497,628
26	$14,679,360	-$5,391,694 -$366,984	$8,920,682
27	$15,413,184	-$5,663,208 -$385,330	$9,364,646
28	$16,183,872	-$5,948,363 -$404,597	$9,830,912
29	$16,993,152	-$6,247,797 -$424,829	$10,320,526
30	$17,842,752	-$6,562,149 -$446,069	$10,834,534