New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(5.9%)	$5,681,700
Net Lumpsum Payment	$55,026,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$201,578	$1,990,535
2	$3,587,508	-$1,287,708 -$211,663	$2,088,137
3	$3,766,838	-$1,354,060 -$222,243	$2,190,535
4	$3,955,248	-$1,423,772 -$233,360	$2,298,116
5	$4,152,965	-$1,496,927 -$245,025	$2,411,013
6	$4,360,670	-$1,573,778 -$257,280	$2,529,612
7	$4,578,590	-$1,654,409 -$270,137	$2,654,044
8	$4,807,633	-$1,739,155 -$283,650	$2,784,828
9	$5,048,026	-$1,828,100 -$297,834	$2,922,092
10	$5,300,450	-$1,921,497 -$312,727	$3,066,226
11	$5,565,359	-$2,019,513 -$328,356	$3,217,490
12	$5,843,661	-$2,122,485 -$344,776	$3,376,400
13	$6,135,810	-$2,230,580 -$362,013	$3,543,217
14	$6,442,714	-$2,344,135 -$380,120	$3,718,459
15	$6,764,827	-$2,463,316 -$399,125	$3,902,386
16	$7,103,057	-$2,588,461 -$419,080	$4,095,516
17	$7,458,085	-$2,719,822 -$440,027	$4,298,236
18	$7,831,046	-$2,857,817 -$462,032	$4,511,197
19	$8,222,621	-$3,002,700 -$485,135	$4,734,786
20	$8,633,718	-$3,154,806 -$509,389	$4,969,523
21	$9,065,472	-$3,314,555 -$534,863	$5,216,054
22	$9,518,791	-$3,482,283 -$561,609	$5,474,899
23	$9,994,583	-$3,658,326 -$589,680	$5,746,577
24	$10,494,437	-$3,843,272 -$619,172	$6,031,993
25	$11,019,034	-$4,037,373 -$650,123	$6,331,538
26	$11,570,190	-$4,241,301 -$682,641	$6,646,248
27	$12,148,586	-$4,455,307 -$716,767	$6,976,512
28	$12,756,038	-$4,680,064 -$752,606	$7,323,368
29	$13,393,908	-$4,916,076 -$790,241	$7,687,591
30	$14,063,558	-$5,163,847 -$829,750	$8,069,961