Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mon Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(2.5%)	$3,932,500
Net Lumpsum Payment	$95,206,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$126,052	$3,090,131
2	$5,294,340	-$1,919,236 -$132,359	$3,242,745
3	$5,558,990	-$2,017,157 -$138,975	$3,402,858
4	$5,837,040	-$2,120,035 -$145,926	$3,571,079
5	$6,128,825	-$2,227,996 -$153,221	$3,747,608
6	$6,435,350	-$2,341,410 -$160,884	$3,933,056
7	$6,756,950	-$2,460,402 -$168,924	$4,127,624
8	$7,094,965	-$2,585,467 -$177,374	$4,332,124
9	$7,449,730	-$2,716,730 -$186,243	$4,546,757
10	$7,822,250	-$2,854,563 -$195,556	$4,772,131
11	$8,213,195	-$2,999,213 -$205,330	$5,008,652
12	$8,623,905	-$3,151,175 -$215,598	$5,257,132
13	$9,055,050	-$3,310,699 -$226,376	$5,517,975
14	$9,507,970	-$3,478,279 -$237,699	$5,791,992
15	$9,983,335	-$3,654,164 -$249,583	$6,079,588
16	$10,482,485	-$3,838,850 -$262,062	$6,381,573
17	$11,006,425	-$4,032,708 -$275,161	$6,698,556
18	$11,556,830	-$4,236,357 -$288,921	$7,031,552
19	$12,134,705	-$4,450,171 -$303,368	$7,381,166
20	$12,741,390	-$4,674,645 -$318,535	$7,748,210
21	$13,378,560	-$4,910,398 -$334,464	$8,133,698
22	$14,047,555	-$5,157,926 -$351,189	$8,538,440
23	$14,749,715	-$5,417,725 -$368,743	$8,963,247
24	$15,487,385	-$5,690,663 -$387,185	$9,409,537
25	$16,261,570	-$5,977,111 -$406,539	$9,877,920
26	$17,074,950	-$6,278,062 -$426,874	$10,370,014
27	$17,928,530	-$6,593,886 -$448,213	$10,886,431
28	$18,824,990	-$6,925,577 -$470,625	$11,428,788
29	$19,766,340	-$7,273,876 -$494,159	$11,998,305
30	$20,754,590	-$7,639,529 -$518,865	$12,596,196