The jackpot for the Powerball draw on Mon Feb 23, 2026, is projected to be $203 Million, with an option for a cash payout of $94.6 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 23, 2026 |
|---|
| Draw Date | Mon Feb 23, 2026 | | Projected Jackpot | $203,000,000 | | Cash Value | $94,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,600,000 | | Federal Tax(24%) | $22,704,000 | | Additional Federal Tax | $12,258,330 | | State Tax(2.5%) | $2,365,000 | | Net Lumpsum Payment | $57,272,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,055,353 |
$1,090,811
$76,384 |
$1,888,158 |
| 2 |
$3,208,212 |
$1,147,369
$80,205 |
$1,980,638 |
| 3 |
$3,368,582 |
$1,206,706
$84,215 |
$2,077,661 |
| 4 |
$3,537,072 |
$1,269,047
$88,427 |
$2,179,598 |
| 5 |
$3,713,885 |
$1,334,468
$92,847 |
$2,286,570 |
| 6 |
$3,899,630 |
$1,403,193
$97,491 |
$2,398,946 |
| 7 |
$4,094,510 |
$1,475,299
$102,363 |
$2,516,848 |
| 8 |
$4,299,337 |
$1,551,085
$107,483 |
$2,640,769 |
| 9 |
$4,514,314 |
$1,630,627
$112,858 |
$2,770,829 |
| 10 |
$4,740,050 |
$1,714,149
$118,501 |
$2,907,400 |
| 11 |
$4,976,951 |
$1,801,802
$124,424 |
$3,050,725 |
| 12 |
$5,225,829 |
$1,893,887
$130,646 |
$3,201,296 |
| 13 |
$5,487,090 |
$1,990,554
$137,177 |
$3,359,359 |
| 14 |
$5,761,546 |
$2,092,102
$144,039 |
$3,525,405 |
| 15 |
$6,049,603 |
$2,198,683
$151,240 |
$3,699,680 |
| 16 |
$6,352,073 |
$2,310,597
$158,802 |
$3,882,674 |
| 17 |
$6,669,565 |
$2,428,069
$166,739 |
$4,074,757 |
| 18 |
$7,003,094 |
$2,551,475
$175,077 |
$4,276,542 |
| 19 |
$7,353,269 |
$2,681,040
$183,832 |
$4,488,397 |
| 20 |
$7,720,902 |
$2,817,064
$193,023 |
$4,710,815 |
| 21 |
$8,107,008 |
$2,959,923
$202,675 |
$4,944,410 |
| 22 |
$8,512,399 |
$3,109,918
$212,810 |
$5,189,671 |
| 23 |
$8,937,887 |
$3,267,349
$223,447 |
$5,447,091 |
| 24 |
$9,384,893 |
$3,432,741
$234,622 |
$5,717,530 |
| 25 |
$9,854,026 |
$3,606,320
$246,351 |
$6,001,355 |
| 26 |
$10,346,910 |
$3,788,687
$258,673 |
$6,299,550 |
| 27 |
$10,864,154 |
$3,980,067
$271,604 |
$6,612,483 |
| 28 |
$11,407,382 |
$4,181,062
$285,185 |
$6,941,135 |
| 29 |
$11,977,812 |
$4,392,121
$299,445 |
$7,286,246 |
| 30 |
$12,576,662 |
$4,613,695
$314,417 |
$7,648,550 |
|
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