The jackpot for the Powerball draw on Wed Jun 4, 2025, is projected to be $30 Million, with an option for a cash payout of $13.4 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 Wed Jun 4, 2025 |
|---|
| Draw Date | Wed Jun 4, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,400,000 | | Federal Tax(24%) | $3,216,000 | | Additional Federal Tax | $1,702,330 | | State Tax(2.5%) | $335,000 | | Net Lumpsum Payment | $8,146,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$11,288 |
$312,846 |
| 2 |
$474,120 |
$135,755
$11,853 |
$326,512 |
| 3 |
$497,820 |
$144,524
$12,446 |
$340,850 |
| 4 |
$522,720 |
$153,737
$13,068 |
$355,915 |
| 5 |
$548,850 |
$163,405
$13,721 |
$371,724 |
| 6 |
$576,300 |
$173,561
$14,408 |
$388,331 |
| 7 |
$605,100 |
$184,217
$15,128 |
$405,755 |
| 8 |
$635,370 |
$195,417
$15,884 |
$424,069 |
| 9 |
$667,140 |
$207,172
$16,679 |
$443,289 |
| 10 |
$700,500 |
$219,515
$17,513 |
$463,472 |
| 11 |
$735,510 |
$232,469
$18,388 |
$484,653 |
| 12 |
$772,290 |
$246,078
$19,307 |
$506,905 |
| 13 |
$810,900 |
$260,363
$20,273 |
$530,264 |
| 14 |
$851,460 |
$275,371
$21,287 |
$554,802 |
| 15 |
$894,030 |
$291,121
$22,351 |
$580,558 |
| 16 |
$938,730 |
$307,660
$23,468 |
$607,602 |
| 17 |
$985,650 |
$325,021
$24,641 |
$635,988 |
| 18 |
$1,034,940 |
$343,258
$25,874 |
$665,808 |
| 19 |
$1,086,690 |
$362,406
$27,167 |
$697,117 |
| 20 |
$1,141,020 |
$382,508
$28,526 |
$729,986 |
| 21 |
$1,198,080 |
$403,620
$29,952 |
$764,508 |
| 22 |
$1,257,990 |
$425,787
$31,450 |
$800,753 |
| 23 |
$1,320,870 |
$449,052
$33,022 |
$838,796 |
| 24 |
$1,386,930 |
$473,494
$34,673 |
$878,763 |
| 25 |
$1,456,260 |
$499,147
$36,407 |
$920,706 |
| 26 |
$1,529,100 |
$526,097
$38,228 |
$964,775 |
| 27 |
$1,605,540 |
$554,380
$40,139 |
$1,011,021 |
| 28 |
$1,685,820 |
$584,084
$42,146 |
$1,059,590 |
| 29 |
$1,770,120 |
$615,275
$44,253 |
$1,110,592 |
| 30 |
$1,858,620 |
$648,020
$46,466 |
$1,164,134 |
|
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