The jackpot for the Powerball draw on Mon Jun 8, 2026, is projected to be $225 Million, with an option for a cash payout of $100.3 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 Jun 8, 2026 |
|---|
| Draw Date | Mon Jun 8, 2026 | | Projected Jackpot | $225,000,000 | | Cash Value | $100,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,300,000 | | Federal Tax(24%) | $24,072,000 | | Additional Federal Tax | $12,999,330 | | State Tax(2.5%) | $2,507,500 | | Net Lumpsum Payment | $60,721,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,386,475 |
$1,213,326
$84,662 |
$2,088,487 |
| 2 |
$3,555,900 |
$1,276,013
$88,898 |
$2,190,989 |
| 3 |
$3,733,650 |
$1,341,781
$93,341 |
$2,298,528 |
| 4 |
$3,920,400 |
$1,410,878
$98,010 |
$2,411,512 |
| 5 |
$4,116,375 |
$1,483,389
$102,909 |
$2,530,077 |
| 6 |
$4,322,250 |
$1,559,563
$108,056 |
$2,654,631 |
| 7 |
$4,538,250 |
$1,639,483
$113,456 |
$2,785,311 |
| 8 |
$4,765,275 |
$1,723,482
$119,132 |
$2,922,661 |
| 9 |
$5,003,550 |
$1,811,644
$125,089 |
$3,066,817 |
| 10 |
$5,253,750 |
$1,904,218
$131,344 |
$3,218,188 |
| 11 |
$5,516,325 |
$2,001,371
$137,908 |
$3,377,046 |
| 12 |
$5,792,175 |
$2,103,435
$144,804 |
$3,543,936 |
| 13 |
$6,081,750 |
$2,210,578
$152,044 |
$3,719,128 |
| 14 |
$6,385,950 |
$2,323,132
$159,649 |
$3,903,169 |
| 15 |
$6,705,225 |
$2,441,264
$167,631 |
$4,096,330 |
| 16 |
$7,040,475 |
$2,565,306
$176,012 |
$4,299,157 |
| 17 |
$7,392,375 |
$2,695,509
$184,809 |
$4,512,057 |
| 18 |
$7,762,050 |
$2,832,289
$194,051 |
$4,735,710 |
| 19 |
$8,150,175 |
$2,975,895
$203,754 |
$4,970,526 |
| 20 |
$8,557,650 |
$3,126,661
$213,941 |
$5,217,048 |
| 21 |
$8,985,600 |
$3,285,002
$224,640 |
$5,475,958 |
| 22 |
$9,434,925 |
$3,451,253
$235,873 |
$5,747,799 |
| 23 |
$9,906,525 |
$3,625,745
$247,663 |
$6,033,117 |
| 24 |
$10,401,975 |
$3,809,061
$260,049 |
$6,332,865 |
| 25 |
$10,921,950 |
$4,001,452
$273,049 |
$6,647,449 |
| 26 |
$11,468,250 |
$4,203,583
$286,706 |
$6,977,961 |
| 27 |
$12,041,550 |
$4,415,704
$301,039 |
$7,324,807 |
| 28 |
$12,643,650 |
$4,638,481
$316,091 |
$7,689,078 |
| 29 |
$13,275,900 |
$4,872,413
$331,898 |
$8,071,589 |
| 30 |
$13,939,650 |
$5,118,001
$348,491 |
$8,473,158 |
|
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