Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 30, 2025 is estimated to be $950 Million, with a cash option of 428.9 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 30, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 30, 2025	$950,000,000	$428,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$428,900,000
Federal Tax(24%)	$102,936,000
Additional Federal Tax	$55,717,330
State Tax(2.5%)	$10,722,500
Net Lumpsum Payment	$259,524,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$14,298,450	-$5,250,757 -$357,461	$8,690,232
2	$15,013,800	-$5,515,436 -$375,345	$9,123,019
3	$15,764,300	-$5,793,121 -$394,108	$9,577,071
4	$16,552,800	-$6,084,866 -$413,820	$10,054,114
5	$17,380,250	-$6,391,023 -$434,506	$10,554,721
6	$18,249,500	-$6,712,645 -$456,238	$11,080,617
7	$19,161,500	-$7,050,085 -$479,038	$11,632,377
8	$20,120,050	-$7,404,749 -$503,001	$12,212,300
9	$21,126,100	-$7,776,987 -$528,153	$12,820,960
10	$22,182,500	-$8,167,855 -$554,563	$13,460,082
11	$23,291,150	-$8,578,056 -$582,279	$14,130,815
12	$24,455,850	-$9,008,995 -$611,396	$14,835,459
13	$25,678,500	-$9,461,375 -$641,963	$15,575,162
14	$26,962,900	-$9,936,603 -$674,073	$16,352,224
15	$28,310,950	-$10,435,382 -$707,774	$17,167,794
16	$29,726,450	-$10,959,117 -$743,161	$18,024,172
17	$31,212,250	-$11,508,863 -$780,306	$18,923,081
18	$32,773,100	-$12,086,377 -$819,328	$19,867,395
19	$34,411,850	-$12,692,715 -$860,296	$20,858,839
20	$36,132,300	-$13,329,281 -$903,308	$21,899,711
21	$37,939,200	-$13,997,834 -$948,480	$22,992,886
22	$39,836,350	-$14,699,780 -$995,909	$24,140,661
23	$41,827,550	-$15,436,524 -$1,045,689	$25,345,337
24	$43,919,450	-$16,210,527 -$1,097,986	$26,610,937
25	$46,114,900	-$17,022,843 -$1,152,873	$27,939,184
26	$48,421,500	-$17,876,285 -$1,210,538	$29,334,677
27	$50,842,100	-$18,771,907 -$1,271,053	$30,799,140
28	$53,384,300	-$19,712,521 -$1,334,608	$32,337,171
29	$56,053,800	-$20,700,236 -$1,401,345	$33,952,219
30	$58,856,300	-$21,737,161 -$1,471,408	$35,647,731