The jackpot for the Powerball draw on Mon Mar 9, 2026, is projected to be $46 Million, with an option for a cash payout of $21.2 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 Mon Mar 9, 2026 |
|---|
| Draw Date | Mon Mar 9, 2026 | | Projected Jackpot | $46,000,000 | | Cash Value | $21,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,200,000 | | Federal Tax(24%) | $5,088,000 | | Additional Federal Tax | $2,716,330 | | State Tax(2.5%) | $530,000 | | Net Lumpsum Payment | $12,865,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$692,346 |
$216,498
$17,309 |
$458,539 |
| 2 |
$726,984 |
$229,314
$18,175 |
$479,495 |
| 3 |
$763,324 |
$242,760
$19,083 |
$501,481 |
| 4 |
$801,504 |
$256,887
$20,038 |
$524,579 |
| 5 |
$841,570 |
$271,711
$21,039 |
$548,820 |
| 6 |
$883,660 |
$287,285
$22,092 |
$574,283 |
| 7 |
$927,820 |
$303,624
$23,196 |
$601,000 |
| 8 |
$974,234 |
$320,797
$24,356 |
$629,081 |
| 9 |
$1,022,948 |
$338,821
$25,574 |
$658,553 |
| 10 |
$1,074,100 |
$357,747
$26,853 |
$689,500 |
| 11 |
$1,127,782 |
$377,610
$28,195 |
$721,977 |
| 12 |
$1,184,178 |
$398,476
$29,604 |
$756,098 |
| 13 |
$1,243,380 |
$420,381
$31,085 |
$791,914 |
| 14 |
$1,305,572 |
$443,392
$32,639 |
$829,541 |
| 15 |
$1,370,846 |
$467,543
$34,271 |
$869,032 |
| 16 |
$1,439,386 |
$492,903
$35,985 |
$910,498 |
| 17 |
$1,511,330 |
$519,522
$37,783 |
$954,025 |
| 18 |
$1,586,908 |
$547,486
$39,673 |
$999,749 |
| 19 |
$1,666,258 |
$576,846
$41,656 |
$1,047,756 |
| 20 |
$1,749,564 |
$607,669
$43,739 |
$1,098,156 |
| 21 |
$1,837,056 |
$640,041
$45,926 |
$1,151,089 |
| 22 |
$1,928,918 |
$674,030
$48,223 |
$1,206,665 |
| 23 |
$2,025,334 |
$709,704
$50,633 |
$1,264,997 |
| 24 |
$2,126,626 |
$747,182
$53,166 |
$1,326,278 |
| 25 |
$2,232,932 |
$786,515
$55,823 |
$1,390,594 |
| 26 |
$2,344,620 |
$827,840
$58,616 |
$1,458,164 |
| 27 |
$2,461,828 |
$871,207
$61,546 |
$1,529,075 |
| 28 |
$2,584,924 |
$916,752
$64,623 |
$1,603,549 |
| 29 |
$2,714,184 |
$964,578
$67,855 |
$1,681,751 |
| 30 |
$2,849,884 |
$1,014,787
$71,247 |
$1,763,850 |
|
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