Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 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 Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(2.5%)	$1,017,500
Net Lumpsum Payment	$24,663,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$33,865	$859,196
2	$1,422,360	-$486,604 -$35,559	$900,197
3	$1,493,460	-$512,911 -$37,337	$943,212
4	$1,568,160	-$540,550 -$39,204	$988,406
5	$1,646,550	-$569,554 -$41,164	$1,035,832
6	$1,728,900	-$600,023 -$43,223	$1,085,654
7	$1,815,300	-$631,991 -$45,383	$1,137,926
8	$1,906,110	-$665,591 -$47,653	$1,192,866
9	$2,001,420	-$700,856 -$50,036	$1,250,528
10	$2,101,500	-$737,885 -$52,538	$1,311,077
11	$2,206,530	-$776,746 -$55,163	$1,374,621
12	$2,316,870	-$817,572 -$57,922	$1,441,376
13	$2,432,700	-$860,429 -$60,818	$1,511,453
14	$2,554,380	-$905,451 -$63,860	$1,585,069
15	$2,682,090	-$952,704 -$67,052	$1,662,334
16	$2,816,190	-$1,002,321 -$70,405	$1,743,464
17	$2,956,950	-$1,054,402 -$73,924	$1,828,624
18	$3,104,820	-$1,109,114 -$77,621	$1,918,085
19	$3,260,070	-$1,166,556 -$81,502	$2,012,012
20	$3,423,060	-$1,226,863 -$85,577	$2,110,620
21	$3,594,240	-$1,290,199 -$89,856	$2,214,185
22	$3,773,970	-$1,356,699 -$94,349	$2,322,922
23	$3,962,610	-$1,426,496 -$99,065	$2,437,049
24	$4,160,790	-$1,499,823 -$104,020	$2,556,947
25	$4,368,780	-$1,576,779 -$109,220	$2,682,781
26	$4,587,300	-$1,657,631 -$114,683	$2,814,986
27	$4,816,620	-$1,742,480 -$120,416	$2,953,724
28	$5,057,460	-$1,831,591 -$126,437	$3,099,432
29	$5,310,360	-$1,925,164 -$132,759	$3,252,437
30	$5,575,860	-$2,023,399 -$139,397	$3,413,064