Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 7, 2025 is estimated to be $203 Million, with a cash option of 92.5 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 Jul 7, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 7, 2025	$203,000,000	$92,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$92,500,000
Federal Tax(24%)	$22,200,000
Additional Federal Tax	$11,985,330
State Tax(2.5%)	$2,312,500
Net Lumpsum Payment	$56,002,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,055,353	-$1,090,811 -$76,384	$1,888,158
2	$3,208,212	-$1,147,369 -$80,205	$1,980,638
3	$3,368,582	-$1,206,706 -$84,215	$2,077,661
4	$3,537,072	-$1,269,047 -$88,427	$2,179,598
5	$3,713,885	-$1,334,468 -$92,847	$2,286,570
6	$3,899,630	-$1,403,193 -$97,491	$2,398,946
7	$4,094,510	-$1,475,299 -$102,363	$2,516,848
8	$4,299,337	-$1,551,085 -$107,483	$2,640,769
9	$4,514,314	-$1,630,627 -$112,858	$2,770,829
10	$4,740,050	-$1,714,149 -$118,501	$2,907,400
11	$4,976,951	-$1,801,802 -$124,424	$3,050,725
12	$5,225,829	-$1,893,887 -$130,646	$3,201,296
13	$5,487,090	-$1,990,554 -$137,177	$3,359,359
14	$5,761,546	-$2,092,102 -$144,039	$3,525,405
15	$6,049,603	-$2,198,683 -$151,240	$3,699,680
16	$6,352,073	-$2,310,597 -$158,802	$3,882,674
17	$6,669,565	-$2,428,069 -$166,739	$4,074,757
18	$7,003,094	-$2,551,475 -$175,077	$4,276,542
19	$7,353,269	-$2,681,040 -$183,832	$4,488,397
20	$7,720,902	-$2,817,064 -$193,023	$4,710,815
21	$8,107,008	-$2,959,923 -$202,675	$4,944,410
22	$8,512,399	-$3,109,918 -$212,810	$5,189,671
23	$8,937,887	-$3,267,349 -$223,447	$5,447,091
24	$9,384,893	-$3,432,741 -$234,622	$5,717,530
25	$9,854,026	-$3,606,320 -$246,351	$6,001,355
26	$10,346,910	-$3,788,687 -$258,673	$6,299,550
27	$10,864,154	-$3,980,067 -$271,604	$6,612,483
28	$11,407,382	-$4,181,062 -$285,185	$6,941,135
29	$11,977,812	-$4,392,121 -$299,445	$7,286,246
30	$12,576,662	-$4,613,695 -$314,417	$7,648,550