The jackpot for the Powerball draw on Mon Feb 2, 2026, is projected to be $65 Million, with an option for a cash payout of $29.4 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 Mon Feb 2, 2026 |
|---|
| Draw Date | Mon Feb 2, 2026 | | Projected Jackpot | $65,000,000 | | Cash Value | $29,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,400,000 | | Federal Tax(24%) | $7,056,000 | | Additional Federal Tax | $3,782,330 | | State Tax(2.5%) | $735,000 | | Net Lumpsum Payment | $17,826,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$24,458 |
$631,550 |
| 2 |
$1,027,260 |
$340,417
$25,682 |
$661,161 |
| 3 |
$1,078,610 |
$359,416
$26,965 |
$692,229 |
| 4 |
$1,132,560 |
$379,378
$28,314 |
$724,868 |
| 5 |
$1,189,175 |
$400,325
$29,729 |
$759,121 |
| 6 |
$1,248,650 |
$422,331
$31,216 |
$795,103 |
| 7 |
$1,311,050 |
$445,419
$32,776 |
$832,855 |
| 8 |
$1,376,635 |
$469,685
$34,416 |
$872,534 |
| 9 |
$1,445,470 |
$495,154
$36,137 |
$914,179 |
| 10 |
$1,517,750 |
$521,898
$37,944 |
$957,908 |
| 11 |
$1,593,605 |
$549,964
$39,840 |
$1,003,801 |
| 12 |
$1,673,295 |
$579,450
$41,832 |
$1,052,013 |
| 13 |
$1,756,950 |
$610,402
$43,924 |
$1,102,624 |
| 14 |
$1,844,830 |
$642,917
$46,121 |
$1,155,792 |
| 15 |
$1,937,065 |
$677,044
$48,427 |
$1,211,594 |
| 16 |
$2,033,915 |
$712,879
$50,848 |
$1,270,188 |
| 17 |
$2,135,575 |
$750,493
$53,389 |
$1,331,693 |
| 18 |
$2,242,370 |
$790,007
$56,059 |
$1,396,304 |
| 19 |
$2,354,495 |
$831,494
$58,862 |
$1,464,139 |
| 20 |
$2,472,210 |
$875,048
$61,805 |
$1,535,357 |
| 21 |
$2,595,840 |
$920,791
$64,896 |
$1,610,153 |
| 22 |
$2,725,645 |
$968,819
$68,141 |
$1,688,685 |
| 23 |
$2,861,885 |
$1,019,228
$71,547 |
$1,771,110 |
| 24 |
$3,005,015 |
$1,072,186
$75,125 |
$1,857,704 |
| 25 |
$3,155,230 |
$1,127,765
$78,881 |
$1,948,584 |
| 26 |
$3,313,050 |
$1,186,159
$82,826 |
$2,044,065 |
| 27 |
$3,478,670 |
$1,247,438
$86,967 |
$2,144,265 |
| 28 |
$3,652,610 |
$1,311,796
$91,315 |
$2,249,499 |
| 29 |
$3,835,260 |
$1,379,377
$95,882 |
$2,360,001 |
| 30 |
$4,027,010 |
$1,450,324
$100,675 |
$2,476,011 |
|
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