The jackpot for the Powerball draw on Mon May 12, 2025, is projected to be $93 Million, with an option for a cash payout of $42.3 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 May 12, 2025 |
|---|
| Draw Date | Mon May 12, 2025 | | Projected Jackpot | $93,000,000 | | Cash Value | $42,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $42,300,000 | | Federal Tax(24%) | $10,152,000 | | Additional Federal Tax | $5,459,330 | | State Tax(2.5%) | $1,057,500 | | Net Lumpsum Payment | $25,631,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,399,743 |
$478,235
$34,994 |
$886,514 |
| 2 |
$1,469,772 |
$504,146
$36,744 |
$928,882 |
| 3 |
$1,543,242 |
$531,330
$38,581 |
$973,331 |
| 4 |
$1,620,432 |
$559,890
$40,511 |
$1,020,031 |
| 5 |
$1,701,435 |
$589,861
$42,536 |
$1,069,038 |
| 6 |
$1,786,530 |
$621,346
$44,663 |
$1,120,521 |
| 7 |
$1,875,810 |
$654,380
$46,895 |
$1,174,535 |
| 8 |
$1,969,647 |
$689,100
$49,241 |
$1,231,306 |
| 9 |
$2,068,134 |
$725,540
$51,703 |
$1,290,891 |
| 10 |
$2,171,550 |
$763,804
$54,289 |
$1,353,457 |
| 11 |
$2,280,081 |
$803,960
$57,002 |
$1,419,119 |
| 12 |
$2,394,099 |
$846,147
$59,852 |
$1,488,100 |
| 13 |
$2,513,790 |
$890,433
$62,845 |
$1,560,512 |
| 14 |
$2,639,526 |
$936,955
$65,988 |
$1,636,583 |
| 15 |
$2,771,493 |
$985,783
$69,287 |
$1,716,423 |
| 16 |
$2,910,063 |
$1,037,054
$72,752 |
$1,800,257 |
| 17 |
$3,055,515 |
$1,090,871
$76,388 |
$1,888,256 |
| 18 |
$3,208,314 |
$1,147,407
$80,208 |
$1,980,699 |
| 19 |
$3,368,739 |
$1,206,764
$84,218 |
$2,077,757 |
| 20 |
$3,537,162 |
$1,269,080
$88,429 |
$2,179,653 |
| 21 |
$3,714,048 |
$1,334,528
$92,851 |
$2,286,669 |
| 22 |
$3,899,769 |
$1,403,245
$97,494 |
$2,399,030 |
| 23 |
$4,094,697 |
$1,475,368
$102,367 |
$2,516,962 |
| 24 |
$4,299,483 |
$1,551,139
$107,487 |
$2,640,857 |
| 25 |
$4,514,406 |
$1,630,661
$112,860 |
$2,770,885 |
| 26 |
$4,740,210 |
$1,714,208
$118,505 |
$2,907,497 |
| 27 |
$4,977,174 |
$1,801,885
$124,429 |
$3,050,860 |
| 28 |
$5,226,042 |
$1,893,966
$130,651 |
$3,201,425 |
| 29 |
$5,487,372 |
$1,990,658
$137,184 |
$3,359,530 |
| 30 |
$5,761,722 |
$2,092,168
$144,043 |
$3,525,511 |
|
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