The jackpot for the Powerball draw on Wed Jan 14, 2026, is projected to be $156 Million, with an option for a cash payout of $70.5 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 Jan 14, 2026 |
|---|
| Draw Date | Wed Jan 14, 2026 | | Projected Jackpot | $156,000,000 | | Cash Value | $70,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $70,500,000 | | Federal Tax(24%) | $16,920,000 | | Additional Federal Tax | $9,125,330 | | State Tax(2.5%) | $1,762,500 | | Net Lumpsum Payment | $42,692,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,347,956 |
$829,074
$58,699 |
$1,460,183 |
| 2 |
$2,465,424 |
$872,537
$61,636 |
$1,531,251 |
| 3 |
$2,588,664 |
$918,136
$64,717 |
$1,605,811 |
| 4 |
$2,718,144 |
$966,044
$67,954 |
$1,684,146 |
| 5 |
$2,854,020 |
$1,016,318
$71,351 |
$1,766,351 |
| 6 |
$2,996,760 |
$1,069,132
$74,919 |
$1,852,709 |
| 7 |
$3,146,520 |
$1,124,543
$78,663 |
$1,943,314 |
| 8 |
$3,303,924 |
$1,182,782
$82,598 |
$2,038,544 |
| 9 |
$3,469,128 |
$1,243,908
$86,728 |
$2,138,492 |
| 10 |
$3,642,600 |
$1,308,092
$91,065 |
$2,243,443 |
| 11 |
$3,824,652 |
$1,375,452
$95,616 |
$2,353,584 |
| 12 |
$4,015,908 |
$1,446,216
$100,398 |
$2,469,294 |
| 13 |
$4,216,680 |
$1,520,502
$105,417 |
$2,590,761 |
| 14 |
$4,427,592 |
$1,598,539
$110,690 |
$2,718,363 |
| 15 |
$4,648,956 |
$1,680,444
$116,224 |
$2,852,288 |
| 16 |
$4,881,396 |
$1,766,447
$122,035 |
$2,992,914 |
| 17 |
$5,125,380 |
$1,856,721
$128,135 |
$3,140,524 |
| 18 |
$5,381,688 |
$1,951,555
$134,542 |
$3,295,591 |
| 19 |
$5,650,788 |
$2,051,122
$141,270 |
$3,458,396 |
| 20 |
$5,933,304 |
$2,155,653
$148,333 |
$3,629,318 |
| 21 |
$6,230,016 |
$2,265,436
$155,750 |
$3,808,830 |
| 22 |
$6,541,548 |
$2,380,703
$163,539 |
$3,997,306 |
| 23 |
$6,868,524 |
$2,501,684
$171,713 |
$4,195,127 |
| 24 |
$7,212,036 |
$2,628,784
$180,301 |
$4,402,951 |
| 25 |
$7,572,552 |
$2,762,175
$189,314 |
$4,621,063 |
| 26 |
$7,951,320 |
$2,902,319
$198,783 |
$4,850,218 |
| 27 |
$8,348,808 |
$3,049,389
$208,720 |
$5,090,699 |
| 28 |
$8,766,264 |
$3,203,848
$219,157 |
$5,343,259 |
| 29 |
$9,204,624 |
$3,366,041
$230,116 |
$5,608,467 |
| 30 |
$9,664,824 |
$3,536,315
$241,621 |
$5,886,888 |
|
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