The jackpot for the Powerball draw on Mon Jul 14, 2025, is projected to be $248 Million, with an option for a cash payout of $112.4 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 Jul 14, 2025 |
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Draw Date | Mon Jul 14, 2025 | Projected Jackpot | $248,000,000 | Cash Value | $112,400,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $112,400,000 | Federal Tax(24%) | $26,976,000 | Additional Federal Tax | $14,572,330 | State Tax(2.5%) | $2,810,000 | Net Lumpsum Payment | $68,041,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,732,648 |
$1,341,410 $93,316 |
$2,297,922 |
2 |
$3,919,392 |
$1,410,505 $97,985 |
$2,410,902 |
3 |
$4,115,312 |
$1,482,996 $102,883 |
$2,529,433 |
4 |
$4,321,152 |
$1,559,157 $108,029 |
$2,653,966 |
5 |
$4,537,160 |
$1,639,080 $113,429 |
$2,784,651 |
6 |
$4,764,080 |
$1,723,040 $119,102 |
$2,921,938 |
7 |
$5,002,160 |
$1,811,130 $125,054 |
$3,065,976 |
8 |
$5,252,392 |
$1,903,715 $131,310 |
$3,217,367 |
9 |
$5,515,024 |
$2,000,889 $137,876 |
$3,376,259 |
10 |
$5,790,800 |
$2,102,926 $144,770 |
$3,543,104 |
11 |
$6,080,216 |
$2,210,010 $152,005 |
$3,718,201 |
12 |
$6,384,264 |
$2,322,508 $159,607 |
$3,902,149 |
13 |
$6,703,440 |
$2,440,603 $167,586 |
$4,095,251 |
14 |
$7,038,736 |
$2,564,663 $175,968 |
$4,298,105 |
15 |
$7,390,648 |
$2,694,870 $184,766 |
$4,511,012 |
16 |
$7,760,168 |
$2,831,593 $194,004 |
$4,734,571 |
17 |
$8,148,040 |
$2,975,105 $203,701 |
$4,969,234 |
18 |
$8,555,504 |
$3,125,867 $213,888 |
$5,215,749 |
19 |
$8,983,304 |
$3,284,153 $224,583 |
$5,474,568 |
20 |
$9,432,432 |
$3,450,330 $235,811 |
$5,746,291 |
21 |
$9,904,128 |
$3,624,858 $247,603 |
$6,031,667 |
22 |
$10,399,384 |
$3,808,102 $259,985 |
$6,331,297 |
23 |
$10,919,192 |
$4,000,431 $272,980 |
$6,645,781 |
24 |
$11,465,288 |
$4,202,487 $286,632 |
$6,976,169 |
25 |
$12,038,416 |
$4,414,544 $300,960 |
$7,322,912 |
26 |
$12,640,560 |
$4,637,338 $316,014 |
$7,687,208 |
27 |
$13,272,464 |
$4,871,142 $331,812 |
$8,069,510 |
28 |
$13,936,112 |
$5,116,692 $348,403 |
$8,471,017 |
29 |
$14,632,992 |
$5,374,537 $365,825 |
$8,892,630 |
30 |
$15,364,592 |
$5,645,229 $384,115 |
$9,335,248 |
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