The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 Sat Jul 5, 2025 |
|---|
| Draw Date | Sat Jul 5, 2025 | | Projected Jackpot | $190,000,000 | | Cash Value | $87,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,000,000 | | Federal Tax(24%) | $20,880,000 | | Additional Federal Tax | $11,270,330 | | State Tax(2.5%) | $2,175,000 | | Net Lumpsum Payment | $52,674,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,859,690 |
$1,018,416
$71,492 |
$1,769,782 |
| 2 |
$3,002,760 |
$1,071,352
$75,069 |
$1,856,339 |
| 3 |
$3,152,860 |
$1,126,889
$78,822 |
$1,947,149 |
| 4 |
$3,310,560 |
$1,185,238
$82,764 |
$2,042,558 |
| 5 |
$3,476,050 |
$1,246,469
$86,901 |
$2,142,680 |
| 6 |
$3,649,900 |
$1,310,793
$91,248 |
$2,247,859 |
| 7 |
$3,832,300 |
$1,378,281
$95,808 |
$2,358,211 |
| 8 |
$4,024,010 |
$1,449,214
$100,600 |
$2,474,196 |
| 9 |
$4,225,220 |
$1,523,662
$105,631 |
$2,595,927 |
| 10 |
$4,436,500 |
$1,601,835
$110,913 |
$2,723,752 |
| 11 |
$4,658,230 |
$1,683,875
$116,456 |
$2,857,899 |
| 12 |
$4,891,170 |
$1,770,063
$122,279 |
$2,998,828 |
| 13 |
$5,135,700 |
$1,860,539
$128,393 |
$3,146,768 |
| 14 |
$5,392,580 |
$1,955,585
$134,815 |
$3,302,180 |
| 15 |
$5,662,190 |
$2,055,341
$141,555 |
$3,465,294 |
| 16 |
$5,945,290 |
$2,160,088
$148,632 |
$3,636,570 |
| 17 |
$6,242,450 |
$2,270,037
$156,061 |
$3,816,352 |
| 18 |
$6,554,620 |
$2,385,540
$163,866 |
$4,005,214 |
| 19 |
$6,882,370 |
$2,506,807
$172,059 |
$4,203,504 |
| 20 |
$7,226,460 |
$2,634,121
$180,662 |
$4,411,677 |
| 21 |
$7,587,840 |
$2,767,831
$189,696 |
$4,630,313 |
| 22 |
$7,967,270 |
$2,908,220
$199,182 |
$4,859,868 |
| 23 |
$8,365,510 |
$3,055,569
$209,138 |
$5,100,803 |
| 24 |
$8,783,890 |
$3,210,370
$219,597 |
$5,353,923 |
| 25 |
$9,222,980 |
$3,372,833
$230,575 |
$5,619,572 |
| 26 |
$9,684,300 |
$3,543,521
$242,108 |
$5,898,671 |
| 27 |
$10,168,420 |
$3,722,646
$254,211 |
$6,191,563 |
| 28 |
$10,676,860 |
$3,910,769
$266,922 |
$6,499,169 |
| 29 |
$11,210,760 |
$4,108,312
$280,269 |
$6,822,179 |
| 30 |
$11,771,260 |
$4,315,697
$294,282 |
$7,161,281 |
|
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