The jackpot for the Powerball draw on Wed Oct 15, 2025, is projected to be $273 Million, with an option for a cash payout of $127.8 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 Oct 15, 2025 |
|---|
| Draw Date | Wed Oct 15, 2025 | | Projected Jackpot | $273,000,000 | | Cash Value | $127,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $127,800,000 | | Federal Tax(24%) | $30,672,000 | | Additional Federal Tax | $16,574,330 | | State Tax(2.5%) | $3,195,000 | | Net Lumpsum Payment | $77,358,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,108,923 |
$1,480,632
$102,723 |
$2,525,568 |
| 2 |
$4,314,492 |
$1,556,692
$107,862 |
$2,649,938 |
| 3 |
$4,530,162 |
$1,636,490
$113,254 |
$2,780,418 |
| 4 |
$4,756,752 |
$1,720,329
$118,919 |
$2,917,504 |
| 5 |
$4,994,535 |
$1,808,308
$124,863 |
$3,061,364 |
| 6 |
$5,244,330 |
$1,900,732
$131,108 |
$3,212,490 |
| 7 |
$5,506,410 |
$1,997,702
$137,660 |
$3,371,048 |
| 8 |
$5,781,867 |
$2,099,621
$144,547 |
$3,537,699 |
| 9 |
$6,070,974 |
$2,206,591
$151,774 |
$3,712,609 |
| 10 |
$6,374,550 |
$2,318,914
$159,364 |
$3,896,272 |
| 11 |
$6,693,141 |
$2,436,793
$167,329 |
$4,089,019 |
| 12 |
$7,027,839 |
$2,560,631
$175,696 |
$4,291,512 |
| 13 |
$7,379,190 |
$2,690,631
$184,480 |
$4,504,079 |
| 14 |
$7,748,286 |
$2,827,196
$193,707 |
$4,727,383 |
| 15 |
$8,135,673 |
$2,970,529
$203,392 |
$4,961,752 |
| 16 |
$8,542,443 |
$3,121,034
$213,561 |
$5,207,848 |
| 17 |
$8,969,415 |
$3,279,014
$224,235 |
$5,466,166 |
| 18 |
$9,417,954 |
$3,444,973
$235,449 |
$5,737,532 |
| 19 |
$9,888,879 |
$3,619,216
$247,222 |
$6,022,441 |
| 20 |
$10,383,282 |
$3,802,145
$259,582 |
$6,321,555 |
| 21 |
$10,902,528 |
$3,994,266
$272,563 |
$6,635,699 |
| 22 |
$11,447,709 |
$4,195,983
$286,193 |
$6,965,533 |
| 23 |
$12,019,917 |
$4,407,700
$300,498 |
$7,311,719 |
| 24 |
$12,621,063 |
$4,630,124
$315,527 |
$7,675,412 |
| 25 |
$13,251,966 |
$4,863,558
$331,299 |
$8,057,109 |
| 26 |
$13,914,810 |
$5,108,810
$347,870 |
$8,458,130 |
| 27 |
$14,610,414 |
$5,366,184
$365,260 |
$8,878,970 |
| 28 |
$15,340,962 |
$5,636,486
$383,524 |
$9,320,952 |
| 29 |
$16,108,092 |
$5,920,324
$402,702 |
$9,785,066 |
| 30 |
$16,913,442 |
$6,218,304
$422,836 |
$10,272,302 |
|
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