The jackpot for the Powerball draw on Wed Oct 15, 2025, is projected to be $273 Million, with an option for a cash payout of $127.8 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 Wed Oct 15, 2025 |
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Draw Date | Wed Oct 15, 2025 | Projected Jackpot | $273,000,000 | Cash Value | $127,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $127,800,000 | Federal Tax(24%) | $30,672,000 | Additional Federal Tax | $16,574,330 | State Tax(2.5%) | $3,195,000 | Net Lumpsum Payment | $77,358,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,108,923 |
$1,480,632 $102,723 |
$2,525,568 |
2 |
$4,314,492 |
$1,556,692 $107,862 |
$2,649,938 |
3 |
$4,530,162 |
$1,636,490 $113,254 |
$2,780,418 |
4 |
$4,756,752 |
$1,720,329 $118,919 |
$2,917,504 |
5 |
$4,994,535 |
$1,808,308 $124,863 |
$3,061,364 |
6 |
$5,244,330 |
$1,900,732 $131,108 |
$3,212,490 |
7 |
$5,506,410 |
$1,997,702 $137,660 |
$3,371,048 |
8 |
$5,781,867 |
$2,099,621 $144,547 |
$3,537,699 |
9 |
$6,070,974 |
$2,206,591 $151,774 |
$3,712,609 |
10 |
$6,374,550 |
$2,318,914 $159,364 |
$3,896,272 |
11 |
$6,693,141 |
$2,436,793 $167,329 |
$4,089,019 |
12 |
$7,027,839 |
$2,560,631 $175,696 |
$4,291,512 |
13 |
$7,379,190 |
$2,690,631 $184,480 |
$4,504,079 |
14 |
$7,748,286 |
$2,827,196 $193,707 |
$4,727,383 |
15 |
$8,135,673 |
$2,970,529 $203,392 |
$4,961,752 |
16 |
$8,542,443 |
$3,121,034 $213,561 |
$5,207,848 |
17 |
$8,969,415 |
$3,279,014 $224,235 |
$5,466,166 |
18 |
$9,417,954 |
$3,444,973 $235,449 |
$5,737,532 |
19 |
$9,888,879 |
$3,619,216 $247,222 |
$6,022,441 |
20 |
$10,383,282 |
$3,802,145 $259,582 |
$6,321,555 |
21 |
$10,902,528 |
$3,994,266 $272,563 |
$6,635,699 |
22 |
$11,447,709 |
$4,195,983 $286,193 |
$6,965,533 |
23 |
$12,019,917 |
$4,407,700 $300,498 |
$7,311,719 |
24 |
$12,621,063 |
$4,630,124 $315,527 |
$7,675,412 |
25 |
$13,251,966 |
$4,863,558 $331,299 |
$8,057,109 |
26 |
$13,914,810 |
$5,108,810 $347,870 |
$8,458,130 |
27 |
$14,610,414 |
$5,366,184 $365,260 |
$8,878,970 |
28 |
$15,340,962 |
$5,636,486 $383,524 |
$9,320,952 |
29 |
$16,108,092 |
$5,920,324 $402,702 |
$9,785,066 |
30 |
$16,913,442 |
$6,218,304 $422,836 |
$10,272,302 |
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