Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 18, 2025 is estimated to be $295 Million, with a cash option of 138.1 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 Oct 18, 2025

Draw Date	Jackpot	Cash Option
Sat Oct 18, 2025	$295,000,000	$138,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$138,100,000
Federal Tax(24%)	$33,144,000
Additional Federal Tax	$17,913,330
State Tax(2.5%)	$3,452,500
Net Lumpsum Payment	$83,590,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,440,045	-$1,603,147 -$111,001	$2,725,897
2	$4,662,180	-$1,685,337 -$116,555	$2,860,288
3	$4,895,230	-$1,771,565 -$122,381	$3,001,284
4	$5,140,080	-$1,862,160 -$128,502	$3,149,418
5	$5,397,025	-$1,957,230 -$134,926	$3,304,869
6	$5,666,950	-$2,057,102 -$141,674	$3,468,174
7	$5,950,150	-$2,161,886 -$148,754	$3,639,510
8	$6,247,805	-$2,272,018 -$156,195	$3,819,592
9	$6,560,210	-$2,387,608 -$164,005	$4,008,597
10	$6,888,250	-$2,508,983 -$172,206	$4,207,061
11	$7,232,515	-$2,636,361 -$180,813	$4,415,341
12	$7,594,185	-$2,770,179 -$189,855	$4,634,151
13	$7,973,850	-$2,910,655 -$199,346	$4,863,849
14	$8,372,690	-$3,058,226 -$209,317	$5,105,147
15	$8,791,295	-$3,213,110 -$219,782	$5,358,403
16	$9,230,845	-$3,375,743 -$230,771	$5,624,331
17	$9,692,225	-$3,546,454 -$242,306	$5,903,465
18	$10,176,910	-$3,725,787 -$254,423	$6,196,700
19	$10,685,785	-$3,914,071 -$267,145	$6,504,569
20	$11,220,030	-$4,111,741 -$280,501	$6,827,788
21	$11,781,120	-$4,319,345 -$294,528	$7,167,247
22	$12,370,235	-$4,537,317 -$309,256	$7,523,662
23	$12,988,555	-$4,766,096 -$324,714	$7,897,745
24	$13,638,145	-$5,006,444 -$340,954	$8,290,747
25	$14,319,890	-$5,258,690 -$357,997	$8,703,203
26	$15,036,150	-$5,523,706 -$375,904	$9,136,540
27	$15,787,810	-$5,801,820 -$394,695	$9,591,295
28	$16,577,230	-$6,093,905 -$414,431	$10,068,894
29	$17,406,180	-$6,400,617 -$435,155	$10,570,408
30	$18,276,430	-$6,722,609 -$456,911	$11,096,910