Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(2.5%)	$992,500
Net Lumpsum Payment	$24,058,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$32,736	$831,879
2	$1,374,948	-$469,061 -$34,374	$871,513
3	$1,443,678	-$494,491 -$36,092	$913,095
4	$1,515,888	-$521,209 -$37,897	$956,782
5	$1,591,665	-$549,246 -$39,792	$1,002,627
6	$1,671,270	-$578,700 -$41,782	$1,050,788
7	$1,754,790	-$609,603 -$43,870	$1,101,317
8	$1,842,573	-$642,082 -$46,064	$1,154,427
9	$1,934,706	-$676,172 -$48,368	$1,210,166
10	$2,031,450	-$711,967 -$50,786	$1,268,697
11	$2,132,979	-$749,533 -$53,324	$1,330,122
12	$2,239,641	-$788,998 -$55,991	$1,394,652
13	$2,351,610	-$830,426 -$58,790	$1,462,394
14	$2,469,234	-$873,947 -$61,731	$1,533,556
15	$2,592,687	-$919,625 -$64,817	$1,608,245
16	$2,722,317	-$967,588 -$68,058	$1,686,671
17	$2,858,385	-$1,017,933 -$71,460	$1,768,992
18	$3,001,326	-$1,070,821 -$75,033	$1,855,472
19	$3,151,401	-$1,126,349 -$78,785	$1,946,267
20	$3,308,958	-$1,184,645 -$82,724	$2,041,589
21	$3,474,432	-$1,245,870 -$86,861	$2,141,701
22	$3,648,171	-$1,310,154 -$91,204	$2,246,813
23	$3,830,523	-$1,377,624 -$95,763	$2,357,136
24	$4,022,097	-$1,448,506 -$100,552	$2,473,039
25	$4,223,154	-$1,522,897 -$105,579	$2,594,678
26	$4,434,390	-$1,601,055 -$110,860	$2,722,475
27	$4,656,066	-$1,683,075 -$116,402	$2,856,589
28	$4,888,878	-$1,769,215 -$122,222	$2,997,441
29	$5,133,348	-$1,859,669 -$128,334	$3,145,345
30	$5,389,998	-$1,954,630 -$134,750	$3,300,618