Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(2.5%)	$4,837,500
Net Lumpsum Payment	$117,107,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$160,293	$3,918,764
2	$6,732,504	-$2,451,357 -$168,313	$4,112,834
3	$7,069,044	-$2,575,877 -$176,726	$4,316,441
4	$7,422,624	-$2,706,701 -$185,566	$4,530,357
5	$7,793,670	-$2,843,988 -$194,842	$4,754,840
6	$8,183,460	-$2,988,211 -$204,587	$4,990,662
7	$8,592,420	-$3,139,526 -$214,811	$5,238,083
8	$9,022,254	-$3,298,564 -$225,556	$5,498,134
9	$9,473,388	-$3,465,484 -$236,835	$5,771,069
10	$9,947,100	-$3,640,757 -$248,678	$6,057,665
11	$10,444,242	-$3,824,700 -$261,106	$6,358,436
12	$10,966,518	-$4,017,942 -$274,163	$6,674,413
13	$11,514,780	-$4,220,799 -$287,870	$7,006,111
14	$12,090,732	-$4,433,901 -$302,268	$7,354,563
15	$12,695,226	-$4,657,564 -$317,381	$7,720,281
16	$13,329,966	-$4,892,418 -$333,249	$8,104,299
17	$13,996,230	-$5,138,935 -$349,906	$8,507,389
18	$14,696,148	-$5,397,905 -$367,404	$8,930,839
19	$15,430,998	-$5,669,800 -$385,775	$9,375,423
20	$16,202,484	-$5,955,249 -$405,062	$9,842,173
21	$17,012,736	-$6,255,043 -$425,318	$10,332,375
22	$17,863,458	-$6,569,810 -$446,586	$10,847,062
23	$18,756,354	-$6,900,181 -$468,909	$11,387,264
24	$19,694,406	-$7,247,261 -$492,360	$11,954,785
25	$20,678,892	-$7,611,520 -$516,972	$12,550,400
26	$21,713,220	-$7,994,222 -$542,831	$13,176,167
27	$22,798,668	-$8,395,838 -$569,967	$13,832,863
28	$23,938,644	-$8,817,629 -$598,466	$14,522,549
29	$25,135,704	-$9,260,541 -$628,393	$15,246,770
30	$26,392,404	-$9,725,520 -$659,810	$16,007,074