The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 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 Sat Jul 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(2.5%) | $4,505,000 | | Net Lumpsum Payment | $109,060,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$149,005 |
$3,645,588 |
| 2 |
$6,258,384 |
$2,275,932
$156,460 |
$3,825,992 |
| 3 |
$6,571,224 |
$2,391,683
$164,281 |
$4,015,260 |
| 4 |
$6,899,904 |
$2,513,295
$172,498 |
$4,214,111 |
| 5 |
$7,244,820 |
$2,640,914
$181,121 |
$4,422,785 |
| 6 |
$7,607,160 |
$2,774,980
$190,179 |
$4,642,001 |
| 7 |
$7,987,320 |
$2,915,639
$199,683 |
$4,871,998 |
| 8 |
$8,386,884 |
$3,063,477
$209,672 |
$5,113,735 |
| 9 |
$8,806,248 |
$3,218,642
$220,156 |
$5,367,450 |
| 10 |
$9,246,600 |
$3,381,572
$231,165 |
$5,633,863 |
| 11 |
$9,708,732 |
$3,552,561
$242,718 |
$5,913,453 |
| 12 |
$10,194,228 |
$3,732,195
$254,856 |
$6,207,177 |
| 13 |
$10,703,880 |
$3,920,766
$267,597 |
$6,515,517 |
| 14 |
$11,239,272 |
$4,118,861
$280,982 |
$6,839,429 |
| 15 |
$11,801,196 |
$4,326,773
$295,030 |
$7,179,393 |
| 16 |
$12,391,236 |
$4,545,088
$309,781 |
$7,536,367 |
| 17 |
$13,010,580 |
$4,774,245
$325,265 |
$7,911,070 |
| 18 |
$13,661,208 |
$5,014,977
$341,530 |
$8,304,701 |
| 19 |
$14,344,308 |
$5,267,724
$358,608 |
$8,717,976 |
| 20 |
$15,061,464 |
$5,533,072
$376,537 |
$9,151,855 |
| 21 |
$15,814,656 |
$5,811,753
$395,366 |
$9,607,537 |
| 22 |
$16,605,468 |
$6,104,354
$415,137 |
$10,085,977 |
| 23 |
$17,435,484 |
$6,411,459
$435,887 |
$10,588,138 |
| 24 |
$18,307,476 |
$6,734,097
$457,687 |
$11,115,692 |
| 25 |
$19,222,632 |
$7,072,704
$480,566 |
$11,669,362 |
| 26 |
$20,184,120 |
$7,428,455
$504,603 |
$12,251,062 |
| 27 |
$21,193,128 |
$7,801,788
$529,828 |
$12,861,512 |
| 28 |
$22,252,824 |
$8,193,875
$556,321 |
$13,502,628 |
| 29 |
$23,365,584 |
$8,605,596
$584,140 |
$14,175,848 |
| 30 |
$24,533,784 |
$9,037,830
$613,345 |
$14,882,609 |
|
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