New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of New Mexico, your state will take 5.9% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Mexico MEGA Millions Jackpot/Cash Option for Tue Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(5.9%)	$2,135,800
Net Lumpsum Payment	$20,709,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$71,041	$727,199
2	$1,264,320	-$428,129 -$74,595	$761,596
3	$1,327,520	-$451,513 -$78,324	$797,683
4	$1,393,920	-$476,081 -$82,241	$835,598
5	$1,463,600	-$501,862 -$86,352	$875,386
6	$1,536,800	-$528,946 -$90,671	$917,183
7	$1,613,600	-$557,362 -$95,202	$961,036
8	$1,694,320	-$587,229 -$99,965	$1,007,126
9	$1,779,040	-$618,575 -$104,963	$1,055,502
10	$1,868,000	-$651,490 -$110,212	$1,106,298
11	$1,961,360	-$686,034 -$115,720	$1,159,606
12	$2,059,440	-$722,323 -$121,507	$1,215,610
13	$2,162,400	-$760,418 -$127,582	$1,274,400
14	$2,270,560	-$800,438 -$133,963	$1,336,159
15	$2,384,080	-$842,440 -$140,661	$1,400,979
16	$2,503,280	-$886,544 -$147,694	$1,469,042
17	$2,628,400	-$932,838 -$155,076	$1,540,486
18	$2,759,840	-$981,471 -$162,831	$1,615,538
19	$2,897,840	-$1,032,531 -$170,973	$1,694,336
20	$3,042,720	-$1,086,137 -$179,520	$1,777,063
21	$3,194,880	-$1,142,436 -$188,498	$1,863,946
22	$3,354,640	-$1,201,547 -$197,924	$1,955,169
23	$3,522,320	-$1,263,589 -$207,817	$2,050,914
24	$3,698,480	-$1,328,768 -$218,210	$2,151,502
25	$3,883,360	-$1,397,174 -$229,118	$2,257,068
26	$4,077,600	-$1,469,042 -$240,578	$2,367,980
27	$4,281,440	-$1,544,463 -$252,605	$2,484,372
28	$4,495,520	-$1,623,673 -$265,236	$2,606,611
29	$4,720,320	-$1,706,849 -$278,499	$2,734,972
30	$4,956,320	-$1,794,169 -$292,423	$2,869,728