Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(2.5%)	$1,805,000
Net Lumpsum Payment	$43,720,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$57,946	$1,441,972
2	$2,433,816	-$860,842 -$60,845	$1,512,129
3	$2,555,476	-$905,857 -$63,887	$1,585,732
4	$2,683,296	-$953,150 -$67,082	$1,663,064
5	$2,817,430	-$1,002,779 -$70,436	$1,744,215
6	$2,958,340	-$1,054,916 -$73,959	$1,829,465
7	$3,106,180	-$1,109,617 -$77,655	$1,918,908
8	$3,261,566	-$1,167,110 -$81,539	$2,012,917
9	$3,424,652	-$1,227,452 -$85,616	$2,111,584
10	$3,595,900	-$1,290,813 -$89,898	$2,215,189
11	$3,775,618	-$1,357,309 -$94,390	$2,323,919
12	$3,964,422	-$1,427,167 -$99,111	$2,438,144
13	$4,162,620	-$1,500,500 -$104,066	$2,558,054
14	$4,370,828	-$1,577,537 -$109,271	$2,684,020
15	$4,589,354	-$1,658,391 -$114,734	$2,816,229
16	$4,818,814	-$1,743,292 -$120,470	$2,955,052
17	$5,059,670	-$1,832,408 -$126,492	$3,100,770
18	$5,312,692	-$1,926,026 -$132,817	$3,253,849
19	$5,578,342	-$2,024,317 -$139,459	$3,414,566
20	$5,857,236	-$2,127,508 -$146,431	$3,583,297
21	$6,150,144	-$2,235,884 -$153,754	$3,760,506
22	$6,457,682	-$2,349,673 -$161,442	$3,946,567
23	$6,780,466	-$2,469,103 -$169,512	$4,141,851
24	$7,119,574	-$2,594,573 -$177,989	$4,347,012
25	$7,475,468	-$2,726,254 -$186,887	$4,562,327
26	$7,849,380	-$2,864,601 -$196,235	$4,788,544
27	$8,241,772	-$3,009,786 -$206,044	$5,025,942
28	$8,653,876	-$3,162,265 -$216,347	$5,275,264
29	$9,086,616	-$3,322,378 -$227,165	$5,537,073
30	$9,540,916	-$3,490,469 -$238,523	$5,811,924