The jackpot for the Powerball draw on Sat Apr 19, 2025, is projected to be $131 Million, with an option for a cash payout of $58.6 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 Sat Apr 19, 2025 |
|---|
| Draw Date | Sat Apr 19, 2025 | | Projected Jackpot | $131,000,000 | | Cash Value | $58,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $58,600,000 | | Federal Tax(24%) | $14,064,000 | | Additional Federal Tax | $7,578,330 | | State Tax(2.5%) | $1,465,000 | | Net Lumpsum Payment | $35,492,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,971,681 |
$689,852
$49,292 |
$1,232,537 |
| 2 |
$2,070,324 |
$726,350
$51,758 |
$1,292,216 |
| 3 |
$2,173,814 |
$764,642
$54,345 |
$1,354,827 |
| 4 |
$2,282,544 |
$804,872
$57,064 |
$1,420,608 |
| 5 |
$2,396,645 |
$847,089
$59,916 |
$1,489,640 |
| 6 |
$2,516,510 |
$891,439
$62,913 |
$1,562,158 |
| 7 |
$2,642,270 |
$937,970
$66,057 |
$1,638,243 |
| 8 |
$2,774,449 |
$986,877
$69,361 |
$1,718,211 |
| 9 |
$2,913,178 |
$1,038,206
$72,829 |
$1,802,143 |
| 10 |
$3,058,850 |
$1,092,105
$76,471 |
$1,890,274 |
| 11 |
$3,211,727 |
$1,148,669
$80,293 |
$1,982,765 |
| 12 |
$3,372,333 |
$1,208,094
$84,308 |
$2,079,931 |
| 13 |
$3,540,930 |
$1,270,474
$88,523 |
$2,181,933 |
| 14 |
$3,718,042 |
$1,336,006
$92,951 |
$2,289,085 |
| 15 |
$3,903,931 |
$1,404,785
$97,598 |
$2,401,548 |
| 16 |
$4,099,121 |
$1,477,005
$102,478 |
$2,519,638 |
| 17 |
$4,304,005 |
$1,552,812
$107,600 |
$2,643,593 |
| 18 |
$4,519,238 |
$1,632,448
$112,981 |
$2,773,809 |
| 19 |
$4,745,213 |
$1,716,059
$118,630 |
$2,910,524 |
| 20 |
$4,982,454 |
$1,803,838
$124,561 |
$3,054,055 |
| 21 |
$5,231,616 |
$1,896,028
$130,790 |
$3,204,798 |
| 22 |
$5,493,223 |
$1,992,823
$137,331 |
$3,363,069 |
| 23 |
$5,767,799 |
$2,094,416
$144,195 |
$3,529,188 |
| 24 |
$6,056,261 |
$2,201,147
$151,407 |
$3,703,707 |
| 25 |
$6,359,002 |
$2,313,161
$158,975 |
$3,886,866 |
| 26 |
$6,677,070 |
$2,430,846
$166,927 |
$4,079,297 |
| 27 |
$7,010,858 |
$2,554,348
$175,271 |
$4,281,239 |
| 28 |
$7,361,414 |
$2,684,054
$184,035 |
$4,493,325 |
| 29 |
$7,729,524 |
$2,820,254
$193,238 |
$4,716,032 |
| 30 |
$8,115,974 |
$2,963,241
$202,899 |
$4,949,834 |
|
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