Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(2.5%)	$7,580,000
Net Lumpsum Payment	$183,475,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$246,084	$5,994,899
2	$10,335,816	-$3,784,582 -$258,395	$6,292,839
3	$10,852,476	-$3,975,747 -$271,312	$6,605,417
4	$11,395,296	-$4,176,590 -$284,882	$6,933,824
5	$11,964,930	-$4,387,354 -$299,123	$7,278,453
6	$12,563,340	-$4,608,766 -$314,084	$7,640,490
7	$13,191,180	-$4,841,067 -$329,780	$8,020,333
8	$13,851,066	-$5,085,225 -$346,277	$8,419,564
9	$14,543,652	-$5,341,482 -$363,591	$8,838,579
10	$15,270,900	-$5,610,563 -$381,773	$9,278,564
11	$16,034,118	-$5,892,954 -$400,853	$9,740,311
12	$16,835,922	-$6,189,622 -$420,898	$10,225,402
13	$17,677,620	-$6,501,050 -$441,941	$10,734,629
14	$18,561,828	-$6,828,207 -$464,046	$11,269,575
15	$19,489,854	-$7,171,576 -$487,246	$11,831,032
16	$20,464,314	-$7,532,127 -$511,608	$12,420,579
17	$21,487,170	-$7,910,583 -$537,179	$13,039,408
18	$22,561,692	-$8,308,156 -$564,042	$13,689,494
19	$23,689,842	-$8,725,572 -$592,246	$14,372,024
20	$24,874,236	-$9,163,798 -$621,856	$15,088,582
21	$26,118,144	-$9,624,044 -$652,954	$15,841,146
22	$27,424,182	-$10,107,278 -$685,605	$16,631,299
23	$28,794,966	-$10,614,468 -$719,874	$17,460,624
24	$30,235,074	-$11,147,308 -$755,877	$18,331,889
25	$31,746,468	-$11,706,524 -$793,662	$19,246,282
26	$33,334,380	-$12,294,051 -$833,360	$20,206,969
27	$35,000,772	-$12,910,616 -$875,019	$21,215,137
28	$36,750,876	-$13,558,155 -$918,772	$22,273,949
29	$38,588,616	-$14,238,118 -$964,715	$23,385,783
30	$40,517,916	-$14,951,959 -$1,012,948	$24,553,009