The jackpot for the Powerball draw on Wed Jul 15, 2026, is projected to be $498 Million, with an option for a cash payout of $221 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 Jul 15, 2026 |
|---|
| Draw Date | Wed Jul 15, 2026 | | Projected Jackpot | $498,000,000 | | Cash Value | $221,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,000,000 | | Federal Tax(24%) | $53,040,000 | | Additional Federal Tax | $28,690,330 | | State Tax(2.5%) | $5,525,000 | | Net Lumpsum Payment | $133,744,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,495,398 |
$2,733,628
$187,385 |
$4,574,385 |
| 2 |
$7,870,392 |
$2,872,375
$196,760 |
$4,801,257 |
| 3 |
$8,263,812 |
$3,017,941
$206,595 |
$5,039,276 |
| 4 |
$8,677,152 |
$3,170,877
$216,929 |
$5,289,346 |
| 5 |
$9,110,910 |
$3,331,367
$227,773 |
$5,551,770 |
| 6 |
$9,566,580 |
$3,499,965
$239,165 |
$5,827,450 |
| 7 |
$10,044,660 |
$3,676,855
$251,117 |
$6,116,688 |
| 8 |
$10,547,142 |
$3,862,773
$263,679 |
$6,420,690 |
| 9 |
$11,074,524 |
$4,057,904
$276,863 |
$6,739,757 |
| 10 |
$11,628,300 |
$4,262,801
$290,708 |
$7,074,791 |
| 11 |
$12,209,466 |
$4,477,833
$305,237 |
$7,426,396 |
| 12 |
$12,820,014 |
$4,703,736
$320,500 |
$7,795,778 |
| 13 |
$13,460,940 |
$4,940,878
$336,524 |
$8,183,538 |
| 14 |
$14,134,236 |
$5,189,998
$353,356 |
$8,590,882 |
| 15 |
$14,840,898 |
$5,451,463
$371,022 |
$9,018,413 |
| 16 |
$15,582,918 |
$5,726,010
$389,573 |
$9,467,335 |
| 17 |
$16,361,790 |
$6,014,193
$409,045 |
$9,938,552 |
| 18 |
$17,180,004 |
$6,316,932
$429,500 |
$10,433,572 |
| 19 |
$18,039,054 |
$6,634,780
$450,976 |
$10,953,298 |
| 20 |
$18,940,932 |
$6,968,475
$473,523 |
$11,498,934 |
| 21 |
$19,888,128 |
$7,318,938
$497,203 |
$12,071,987 |
| 22 |
$20,882,634 |
$7,686,905
$522,066 |
$12,673,663 |
| 23 |
$21,926,442 |
$8,073,114
$548,161 |
$13,305,167 |
| 24 |
$23,023,038 |
$8,478,854
$575,576 |
$13,968,608 |
| 25 |
$24,173,916 |
$8,904,679
$604,348 |
$14,664,889 |
| 26 |
$25,383,060 |
$9,352,063
$634,577 |
$15,396,420 |
| 27 |
$26,651,964 |
$9,821,557
$666,299 |
$16,164,108 |
| 28 |
$27,984,612 |
$10,314,637
$699,615 |
$16,970,360 |
| 29 |
$29,383,992 |
$10,832,407
$734,600 |
$17,816,985 |
| 30 |
$30,853,092 |
$11,375,974
$771,327 |
$18,705,791 |
|
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