The jackpot for the Powerball draw on Mon Oct 26, 2026, is projected to be $687 Million, with an option for a cash payout of $294.7 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 Oct 26, 2026 |
|---|
| Draw Date | Mon Oct 26, 2026 | | Projected Jackpot | $687,000,000 | | Cash Value | $294,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $294,700,000 | | Federal Tax(24%) | $70,728,000 | | Additional Federal Tax | $38,271,330 | | State Tax(2.5%) | $7,367,500 | | Net Lumpsum Payment | $178,333,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,340,037 |
$3,786,144
$258,501 |
$6,295,392 |
| 2 |
$10,857,348 |
$3,977,549
$271,434 |
$6,608,365 |
| 3 |
$11,400,078 |
$4,178,359
$285,002 |
$6,936,717 |
| 4 |
$11,970,288 |
$4,389,337
$299,257 |
$7,281,694 |
| 5 |
$12,568,665 |
$4,610,736
$314,217 |
$7,643,712 |
| 6 |
$13,197,270 |
$4,843,320
$329,932 |
$8,024,018 |
| 7 |
$13,856,790 |
$5,087,343
$346,420 |
$8,423,027 |
| 8 |
$14,549,973 |
$5,343,820
$363,749 |
$8,842,404 |
| 9 |
$15,277,506 |
$5,613,008
$381,938 |
$9,282,560 |
| 10 |
$16,041,450 |
$5,895,667
$401,036 |
$9,744,747 |
| 11 |
$16,843,179 |
$6,192,307
$421,079 |
$10,229,793 |
| 12 |
$17,685,441 |
$6,503,944
$442,136 |
$10,739,361 |
| 13 |
$18,569,610 |
$6,831,086
$464,240 |
$11,274,284 |
| 14 |
$19,498,434 |
$7,174,751
$487,461 |
$11,836,222 |
| 15 |
$20,473,287 |
$7,535,447
$511,832 |
$12,426,008 |
| 16 |
$21,496,917 |
$7,914,190
$537,423 |
$13,045,304 |
| 17 |
$22,571,385 |
$8,311,743
$564,285 |
$13,695,357 |
| 18 |
$23,700,126 |
$8,729,377
$592,503 |
$14,378,246 |
| 19 |
$24,885,201 |
$9,167,855
$622,130 |
$15,095,216 |
| 20 |
$26,129,358 |
$9,628,193
$653,234 |
$15,847,931 |
| 21 |
$27,436,032 |
$10,111,662
$685,901 |
$16,638,469 |
| 22 |
$28,807,971 |
$10,619,280
$720,199 |
$17,468,492 |
| 23 |
$30,247,923 |
$11,152,062
$756,198 |
$18,339,663 |
| 24 |
$31,760,697 |
$11,711,788
$794,017 |
$19,254,892 |
| 25 |
$33,348,354 |
$12,299,221
$833,709 |
$20,215,424 |
| 26 |
$35,016,390 |
$12,916,395
$875,410 |
$21,224,585 |
| 27 |
$36,766,866 |
$13,564,071
$919,172 |
$22,283,623 |
| 28 |
$38,605,278 |
$14,244,283
$965,132 |
$23,395,863 |
| 29 |
$40,535,748 |
$14,958,557
$1,013,394 |
$24,563,797 |
| 30 |
$42,562,398 |
$15,708,418
$1,064,060 |
$25,789,920 |
|
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