The jackpot for the Powerball draw on Wed Jan 28, 2026, is projected to be $43 Million, with an option for a cash payout of $19.4 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Arizona residents, the state will deduct 2.5% from your lottery earnings.
| Arizona Powerball Jackpot/Cash Option for Wed Jan 28, 2026 |
|---|
| Draw Date | Wed Jan 28, 2026 | | Projected Jackpot | $43,000,000 | | Cash Value | $19,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $19,400,000 | | Federal Tax(24%) | $4,656,000 | | Additional Federal Tax | $2,482,330 | | State Tax(2.5%) | $485,000 | | Net Lumpsum Payment | $11,776,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$16,180 |
$431,221 |
| 2 |
$679,572 |
$211,772
$16,989 |
$450,811 |
| 3 |
$713,542 |
$224,341
$17,839 |
$471,362 |
| 4 |
$749,232 |
$237,546
$18,731 |
$492,955 |
| 5 |
$786,685 |
$251,404
$19,667 |
$515,614 |
| 6 |
$826,030 |
$265,961
$20,651 |
$539,418 |
| 7 |
$867,310 |
$281,235
$21,683 |
$564,392 |
| 8 |
$910,697 |
$297,288
$22,767 |
$590,642 |
| 9 |
$956,234 |
$314,137
$23,906 |
$618,191 |
| 10 |
$1,004,050 |
$331,829
$25,101 |
$647,120 |
| 11 |
$1,054,231 |
$350,396
$26,356 |
$677,479 |
| 12 |
$1,106,949 |
$369,902
$27,674 |
$709,373 |
| 13 |
$1,162,290 |
$390,378
$29,057 |
$742,855 |
| 14 |
$1,220,426 |
$411,888
$30,511 |
$778,027 |
| 15 |
$1,281,443 |
$434,464
$32,036 |
$814,943 |
| 16 |
$1,345,513 |
$458,170
$33,638 |
$853,705 |
| 17 |
$1,412,765 |
$483,053
$35,319 |
$894,393 |
| 18 |
$1,483,414 |
$509,194
$37,085 |
$937,135 |
| 19 |
$1,557,589 |
$536,638
$38,940 |
$982,011 |
| 20 |
$1,635,462 |
$565,451
$40,887 |
$1,029,124 |
| 21 |
$1,717,248 |
$595,712
$42,931 |
$1,078,605 |
| 22 |
$1,803,119 |
$627,484
$45,078 |
$1,130,557 |
| 23 |
$1,893,247 |
$660,832
$47,331 |
$1,185,084 |
| 24 |
$1,987,933 |
$695,866
$49,698 |
$1,242,369 |
| 25 |
$2,087,306 |
$732,634
$52,183 |
$1,302,489 |
| 26 |
$2,191,710 |
$771,263
$54,793 |
$1,365,654 |
| 27 |
$2,301,274 |
$811,802
$57,532 |
$1,431,940 |
| 28 |
$2,416,342 |
$854,377
$60,409 |
$1,501,556 |
| 29 |
$2,537,172 |
$899,084
$63,429 |
$1,574,659 |
| 30 |
$2,664,022 |
$946,019
$66,601 |
$1,651,402 |
|
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