Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 28, 2025 is estimated to be $155 Million, with a cash option of 69.8 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 28, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 28, 2025	$155,000,000	$69,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,800,000
Federal Tax(24%)	$16,752,000
Additional Federal Tax	$9,034,330
State Tax(2.5%)	$1,745,000
Net Lumpsum Payment	$42,268,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,332,905	-$823,505 -$58,323	$1,451,077
2	$2,449,620	-$866,690 -$61,241	$1,521,689
3	$2,572,070	-$911,996 -$64,302	$1,595,772
4	$2,700,720	-$959,597 -$67,518	$1,673,605
5	$2,835,725	-$1,009,549 -$70,893	$1,755,283
6	$2,977,550	-$1,062,024 -$74,439	$1,841,087
7	$3,126,350	-$1,117,080 -$78,159	$1,931,111
8	$3,282,745	-$1,174,946 -$82,069	$2,025,730
9	$3,446,890	-$1,235,680 -$86,172	$2,125,038
10	$3,619,250	-$1,299,453 -$90,481	$2,229,316
11	$3,800,135	-$1,366,380 -$95,003	$2,338,752
12	$3,990,165	-$1,436,691 -$99,754	$2,453,720
13	$4,189,650	-$1,510,501 -$104,741	$2,574,408
14	$4,399,210	-$1,588,038 -$109,980	$2,701,192
15	$4,619,155	-$1,669,418 -$115,479	$2,834,258
16	$4,850,105	-$1,754,869 -$121,253	$2,973,983
17	$5,092,525	-$1,844,565 -$127,313	$3,120,647
18	$5,347,190	-$1,938,791 -$133,680	$3,274,719
19	$5,614,565	-$2,037,719 -$140,364	$3,436,482
20	$5,895,270	-$2,141,580 -$147,382	$3,606,308
21	$6,190,080	-$2,250,660 -$154,752	$3,784,668
22	$6,499,615	-$2,365,188 -$162,490	$3,971,937
23	$6,824,495	-$2,485,394 -$170,612	$4,168,489
24	$7,165,805	-$2,611,678 -$179,145	$4,374,982
25	$7,524,010	-$2,744,214 -$188,100	$4,591,696
26	$7,900,350	-$2,883,460 -$197,509	$4,819,381
27	$8,295,290	-$3,029,588 -$207,382	$5,058,320
28	$8,710,070	-$3,183,056 -$217,752	$5,309,262
29	$9,145,620	-$3,344,210 -$228,641	$5,572,769
30	$9,602,870	-$3,513,392 -$240,072	$5,849,406