The jackpot for the Powerball draw on Wed Mar 12, 2025, is projected to be $353 Million, with an option for a cash payout of $165.7 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 Mar 12, 2025 |
|---|
| Draw Date | Wed Mar 12, 2025 | | Projected Jackpot | $353,000,000 | | Cash Value | $165,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,700,000 | | Federal Tax(24%) | $39,768,000 | | Additional Federal Tax | $21,501,330 | | State Tax(2.5%) | $4,142,500 | | Net Lumpsum Payment | $100,288,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,313,003 |
$1,926,141
$132,825 |
$3,254,037 |
| 2 |
$5,578,812 |
$2,024,491
$139,470 |
$3,414,851 |
| 3 |
$5,857,682 |
$2,127,673
$146,442 |
$3,583,567 |
| 4 |
$6,150,672 |
$2,236,079
$153,767 |
$3,760,826 |
| 5 |
$6,458,135 |
$2,349,840
$161,453 |
$3,946,842 |
| 6 |
$6,781,130 |
$2,469,348
$169,528 |
$4,142,254 |
| 7 |
$7,120,010 |
$2,594,734
$178,000 |
$4,347,276 |
| 8 |
$7,476,187 |
$2,726,520
$186,905 |
$4,562,762 |
| 9 |
$7,850,014 |
$2,864,836
$196,250 |
$4,788,928 |
| 10 |
$8,242,550 |
$3,010,074
$206,064 |
$5,026,412 |
| 11 |
$8,654,501 |
$3,162,496
$216,363 |
$5,275,642 |
| 12 |
$9,087,279 |
$3,322,624
$227,182 |
$5,537,473 |
| 13 |
$9,541,590 |
$3,490,719
$238,540 |
$5,812,331 |
| 14 |
$10,018,846 |
$3,667,303
$250,471 |
$6,101,072 |
| 15 |
$10,519,753 |
$3,852,639
$262,994 |
$6,404,120 |
| 16 |
$11,045,723 |
$4,047,248
$276,143 |
$6,722,332 |
| 17 |
$11,597,815 |
$4,251,522
$289,945 |
$7,056,348 |
| 18 |
$12,177,794 |
$4,466,114
$304,445 |
$7,407,235 |
| 19 |
$12,786,719 |
$4,691,416
$319,668 |
$7,775,635 |
| 20 |
$13,426,002 |
$4,927,951
$335,650 |
$8,162,401 |
| 21 |
$14,097,408 |
$5,176,371
$352,435 |
$8,568,602 |
| 22 |
$14,802,349 |
$5,437,200
$370,059 |
$8,995,090 |
| 23 |
$15,542,237 |
$5,710,958
$388,556 |
$9,442,723 |
| 24 |
$16,319,543 |
$5,998,561
$407,989 |
$9,912,993 |
| 25 |
$17,135,326 |
$6,300,401
$428,383 |
$10,406,542 |
| 26 |
$17,992,410 |
$6,617,522
$449,810 |
$10,925,078 |
| 27 |
$18,891,854 |
$6,950,316
$472,296 |
$11,469,242 |
| 28 |
$19,836,482 |
$7,299,829
$495,912 |
$12,040,741 |
| 29 |
$20,828,412 |
$7,666,843
$520,710 |
$12,640,859 |
| 30 |
$21,869,762 |
$8,052,142
$546,744 |
$13,270,876 |
|
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