The jackpot for the Powerball draw on Sat Oct 3, 2026, is projected to be $440 Million, with an option for a cash payout of $183.1 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 Oct 3, 2026 |
|---|
| Draw Date | Sat Oct 3, 2026 | | Projected Jackpot | $440,000,000 | | Cash Value | $183,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $183,100,000 | | Federal Tax(24%) | $43,944,000 | | Additional Federal Tax | $23,763,330 | | State Tax(2.5%) | $4,577,500 | | Net Lumpsum Payment | $110,815,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,622,440 |
$2,410,633
$165,561 |
$4,046,246 |
| 2 |
$6,953,760 |
$2,533,222
$173,844 |
$4,246,694 |
| 3 |
$7,301,360 |
$2,661,834
$182,534 |
$4,456,992 |
| 4 |
$7,666,560 |
$2,796,958
$191,664 |
$4,677,938 |
| 5 |
$8,049,800 |
$2,938,756
$201,245 |
$4,909,799 |
| 6 |
$8,452,400 |
$3,087,718
$211,310 |
$5,153,372 |
| 7 |
$8,874,800 |
$3,244,006
$221,870 |
$5,408,924 |
| 8 |
$9,318,760 |
$3,408,272
$232,969 |
$5,677,519 |
| 9 |
$9,784,720 |
$3,580,677
$244,618 |
$5,959,425 |
| 10 |
$10,274,000 |
$3,761,710
$256,850 |
$6,255,440 |
| 11 |
$10,787,480 |
$3,951,698
$269,687 |
$6,566,095 |
| 12 |
$11,326,920 |
$4,151,291
$283,173 |
$6,892,456 |
| 13 |
$11,893,200 |
$4,360,814
$297,330 |
$7,235,056 |
| 14 |
$12,488,080 |
$4,580,920
$312,202 |
$7,594,958 |
| 15 |
$13,112,440 |
$4,811,933
$327,811 |
$7,972,696 |
| 16 |
$13,768,040 |
$5,054,505
$344,201 |
$8,369,334 |
| 17 |
$14,456,200 |
$5,309,124
$361,405 |
$8,785,671 |
| 18 |
$15,179,120 |
$5,576,605
$379,478 |
$9,223,037 |
| 19 |
$15,938,120 |
$5,857,435
$398,453 |
$9,682,232 |
| 20 |
$16,734,960 |
$6,152,266
$418,374 |
$10,164,320 |
| 21 |
$17,571,840 |
$6,461,911
$439,296 |
$10,670,633 |
| 22 |
$18,450,520 |
$6,787,023
$461,263 |
$11,202,234 |
| 23 |
$19,372,760 |
$7,128,252
$484,319 |
$11,760,189 |
| 24 |
$20,341,640 |
$7,486,737
$508,541 |
$12,346,362 |
| 25 |
$21,358,480 |
$7,862,968
$533,962 |
$12,961,550 |
| 26 |
$22,426,800 |
$8,258,246
$560,670 |
$13,607,884 |
| 27 |
$23,547,920 |
$8,673,061
$588,698 |
$14,286,161 |
| 28 |
$24,725,360 |
$9,108,714
$618,134 |
$14,998,512 |
| 29 |
$25,961,760 |
$9,566,182
$649,044 |
$15,746,534 |
| 30 |
$27,259,760 |
$10,046,442
$681,494 |
$16,531,824 |
|
|
