Arizona Lottery

AZLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 5, 2026 is estimated to be $786 Million, with a cash option of 341.6 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 Wed Aug 5, 2026

Draw Date	Jackpot	Cash Option
Wed Aug 5, 2026	$786,000,000	$341,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$341,600,000
Federal Tax(24%)	$81,984,000
Additional Federal Tax	$44,368,330
State Tax(2.5%)	$8,540,000
Net Lumpsum Payment	$206,707,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,830,086	-$4,337,462 -$295,752	$7,196,872
2	$12,421,944	-$4,556,450 -$310,549	$7,554,945
3	$13,042,884	-$4,786,197 -$326,072	$7,930,615
4	$13,695,264	-$5,027,578 -$342,382	$8,325,304
5	$14,379,870	-$5,280,882 -$359,497	$8,739,491
6	$15,099,060	-$5,546,983 -$377,477	$9,174,600
7	$15,853,620	-$5,826,170 -$396,341	$9,631,109
8	$16,646,694	-$6,119,607 -$416,167	$10,110,920
9	$17,479,068	-$6,427,586 -$436,977	$10,614,505
10	$18,353,100	-$6,750,977 -$458,828	$11,143,295
11	$19,270,362	-$7,090,364 -$481,759	$11,698,239
12	$20,233,998	-$7,446,910 -$505,850	$12,281,238
13	$21,245,580	-$7,821,195 -$531,140	$12,893,245
14	$22,308,252	-$8,214,384 -$557,706	$13,536,162
15	$23,423,586	-$8,627,057 -$585,590	$14,210,939
16	$24,594,726	-$9,060,379 -$614,868	$14,919,479
17	$25,824,030	-$9,515,221 -$645,601	$15,663,208
18	$27,115,428	-$9,993,039 -$677,886	$16,444,503
19	$28,471,278	-$10,494,703 -$711,782	$17,264,793
20	$29,894,724	-$11,021,378 -$747,368	$18,125,978
21	$31,389,696	-$11,574,518 -$784,742	$19,030,436
22	$32,959,338	-$12,155,285 -$823,983	$19,980,070
23	$34,606,794	-$12,764,844 -$865,170	$20,976,780
24	$36,337,566	-$13,405,230 -$908,439	$22,023,897
25	$38,154,012	-$14,077,315 -$953,850	$23,122,847
26	$40,062,420	-$14,783,426 -$1,001,561	$24,277,433
27	$42,065,148	-$15,524,435 -$1,051,629	$25,489,084
28	$44,168,484	-$16,302,669 -$1,104,212	$26,761,603
29	$46,377,144	-$17,119,874 -$1,159,429	$28,097,841
30	$48,695,844	-$17,977,793 -$1,217,396	$29,500,655