Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 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 Aug 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(2.5%)	$870,000
Net Lumpsum Payment	$21,093,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$30,478	$777,244
2	$1,280,124	-$433,976 -$32,003	$814,145
3	$1,344,114	-$457,653 -$33,603	$852,858
4	$1,411,344	-$482,528 -$35,284	$893,532
5	$1,481,895	-$508,632 -$37,047	$936,216
6	$1,556,010	-$536,054 -$38,900	$981,056
7	$1,633,770	-$564,825 -$40,844	$1,028,101
8	$1,715,499	-$595,065 -$42,887	$1,077,547
9	$1,801,278	-$626,803 -$45,032	$1,129,443
10	$1,891,350	-$660,130 -$47,284	$1,183,936
11	$1,985,877	-$695,105 -$49,647	$1,241,125
12	$2,085,183	-$731,848 -$52,130	$1,301,205
13	$2,189,430	-$770,419 -$54,736	$1,364,275
14	$2,298,942	-$810,939 -$57,474	$1,430,529
15	$2,413,881	-$853,466 -$60,347	$1,500,068
16	$2,534,571	-$898,122 -$63,364	$1,573,085
17	$2,661,255	-$944,995 -$66,531	$1,649,729
18	$2,794,338	-$994,235 -$69,858	$1,730,245
19	$2,934,063	-$1,045,934 -$73,352	$1,814,777
20	$3,080,754	-$1,100,209 -$77,019	$1,903,526
21	$3,234,816	-$1,157,212 -$80,870	$1,996,734
22	$3,396,573	-$1,217,062 -$84,914	$2,094,597
23	$3,566,349	-$1,279,880 -$89,159	$2,197,310
24	$3,744,711	-$1,345,873 -$93,618	$2,305,220
25	$3,931,902	-$1,415,134 -$98,298	$2,418,470
26	$4,128,570	-$1,487,901 -$103,214	$2,537,455
27	$4,334,958	-$1,564,265 -$108,374	$2,662,319
28	$4,551,714	-$1,644,465 -$113,793	$2,793,456
29	$4,779,324	-$1,728,680 -$119,483	$2,931,161
30	$5,018,274	-$1,817,092 -$125,457	$3,075,725