The jackpot for the Powerball draw on Wed Jun 24, 2026, is projected to be $327 Million, with an option for a cash payout of $148 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 Jun 24, 2026 |
|---|
| Draw Date | Wed Jun 24, 2026 | | Projected Jackpot | $327,000,000 | | Cash Value | $148,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $148,000,000 | | Federal Tax(24%) | $35,520,000 | | Additional Federal Tax | $19,200,330 | | State Tax(2.5%) | $3,700,000 | | Net Lumpsum Payment | $89,579,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,921,677 |
$1,781,351
$123,042 |
$3,017,284 |
| 2 |
$5,167,908 |
$1,872,456
$129,198 |
$3,166,254 |
| 3 |
$5,426,238 |
$1,968,038
$135,656 |
$3,322,544 |
| 4 |
$5,697,648 |
$2,068,460
$142,441 |
$3,486,747 |
| 5 |
$5,982,465 |
$2,173,842
$149,562 |
$3,659,061 |
| 6 |
$6,281,670 |
$2,284,548
$157,042 |
$3,840,080 |
| 7 |
$6,595,590 |
$2,400,699
$164,890 |
$4,030,001 |
| 8 |
$6,925,533 |
$2,522,778
$173,138 |
$4,229,617 |
| 9 |
$7,271,826 |
$2,650,906
$181,796 |
$4,439,124 |
| 10 |
$7,635,450 |
$2,785,447
$190,886 |
$4,659,117 |
| 11 |
$8,017,059 |
$2,926,642
$200,426 |
$4,889,991 |
| 12 |
$8,417,961 |
$3,074,976
$210,449 |
$5,132,536 |
| 13 |
$8,838,810 |
$3,230,690
$220,970 |
$5,387,150 |
| 14 |
$9,280,914 |
$3,394,269
$232,023 |
$5,654,622 |
| 15 |
$9,744,927 |
$3,565,953
$243,623 |
$5,935,351 |
| 16 |
$10,232,157 |
$3,746,228
$255,804 |
$6,230,125 |
| 17 |
$10,743,585 |
$3,935,457
$268,590 |
$6,539,538 |
| 18 |
$11,280,846 |
$4,134,243
$282,021 |
$6,864,582 |
| 19 |
$11,844,921 |
$4,342,951
$296,123 |
$7,205,847 |
| 20 |
$12,437,118 |
$4,562,064
$310,928 |
$7,564,126 |
| 21 |
$13,059,072 |
$4,792,187
$326,477 |
$7,940,408 |
| 22 |
$13,712,091 |
$5,033,804
$342,802 |
$8,335,485 |
| 23 |
$14,397,483 |
$5,287,399
$359,937 |
$8,750,147 |
| 24 |
$15,117,537 |
$5,553,819
$377,938 |
$9,185,780 |
| 25 |
$15,873,234 |
$5,833,427
$396,831 |
$9,642,976 |
| 26 |
$16,667,190 |
$6,127,191
$416,680 |
$10,123,319 |
| 27 |
$17,500,386 |
$6,435,473
$437,510 |
$10,627,403 |
| 28 |
$18,375,438 |
$6,759,242
$459,386 |
$11,156,810 |
| 29 |
$19,294,308 |
$7,099,224
$482,358 |
$11,712,726 |
| 30 |
$20,258,958 |
$7,456,145
$506,474 |
$12,296,339 |
|
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