The jackpot for the Powerball draw on Wed Jun 3, 2026, is projected to be $194 Million, with an option for a cash payout of $86.7 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 Jun 3, 2026 |
|---|
| Draw Date | Wed Jun 3, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $86,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,700,000 | | Federal Tax(24%) | $20,808,000 | | Additional Federal Tax | $11,231,330 | | State Tax(2.5%) | $2,167,500 | | Net Lumpsum Payment | $52,493,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$72,997 |
$1,806,206 |
| 2 |
$3,065,976 |
$1,094,742
$76,649 |
$1,894,585 |
| 3 |
$3,219,236 |
$1,151,448
$80,481 |
$1,987,307 |
| 4 |
$3,380,256 |
$1,211,025
$84,506 |
$2,084,725 |
| 5 |
$3,549,230 |
$1,273,545
$88,731 |
$2,186,954 |
| 6 |
$3,726,740 |
$1,339,224
$93,169 |
$2,294,347 |
| 7 |
$3,912,980 |
$1,408,133
$97,825 |
$2,407,022 |
| 8 |
$4,108,726 |
$1,480,559
$102,718 |
$2,525,449 |
| 9 |
$4,314,172 |
$1,556,574
$107,854 |
$2,649,744 |
| 10 |
$4,529,900 |
$1,636,393
$113,248 |
$2,780,259 |
| 11 |
$4,756,298 |
$1,720,161
$118,907 |
$2,917,230 |
| 12 |
$4,994,142 |
$1,808,163
$124,854 |
$3,061,125 |
| 13 |
$5,243,820 |
$1,900,544
$131,096 |
$3,212,180 |
| 14 |
$5,506,108 |
$1,997,590
$137,653 |
$3,370,865 |
| 15 |
$5,781,394 |
$2,099,446
$144,535 |
$3,537,413 |
| 16 |
$6,070,454 |
$2,206,398
$151,761 |
$3,712,295 |
| 17 |
$6,373,870 |
$2,318,662
$159,347 |
$3,895,861 |
| 18 |
$6,692,612 |
$2,436,597
$167,315 |
$4,088,700 |
| 19 |
$7,027,262 |
$2,560,417
$175,682 |
$4,291,163 |
| 20 |
$7,378,596 |
$2,690,411
$184,465 |
$4,503,720 |
| 21 |
$7,747,584 |
$2,826,936
$193,690 |
$4,726,958 |
| 22 |
$8,135,002 |
$2,970,281
$203,375 |
$4,961,346 |
| 23 |
$8,541,626 |
$3,120,732
$213,541 |
$5,207,353 |
| 24 |
$8,968,814 |
$3,278,792
$224,220 |
$5,465,802 |
| 25 |
$9,417,148 |
$3,444,675
$235,429 |
$5,737,044 |
| 26 |
$9,888,180 |
$3,618,957
$247,205 |
$6,022,018 |
| 27 |
$10,382,492 |
$3,801,852
$259,562 |
$6,321,078 |
| 28 |
$10,901,636 |
$3,993,936
$272,541 |
$6,635,159 |
| 29 |
$11,446,776 |
$4,195,638
$286,169 |
$6,964,969 |
| 30 |
$12,019,076 |
$4,407,389
$300,477 |
$7,311,210 |
|
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