New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 13, 2026 is estimated to be $555 Million, with a cash option of 235.2 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 Fri Nov 13, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 13, 2026	$555,000,000	$235,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$235,200,000
Federal Tax(24%)	$56,448,000
Additional Federal Tax	$30,536,330
State Tax(5.9%)	$13,876,800
Net Lumpsum Payment	$134,338,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,353,305	-$3,051,053 -$492,845	$4,809,407
2	$8,771,220	-$3,205,682 -$517,502	$5,048,036
3	$9,209,670	-$3,367,908 -$543,371	$5,298,391
4	$9,670,320	-$3,538,349 -$570,549	$5,561,422
5	$10,153,725	-$3,717,209 -$599,070	$5,837,446
6	$10,661,550	-$3,905,104 -$629,031	$6,127,415
7	$11,194,350	-$4,102,240 -$660,467	$6,431,643
8	$11,754,345	-$4,309,438 -$693,506	$6,751,401
9	$12,342,090	-$4,526,904 -$728,183	$7,087,003
10	$12,959,250	-$4,755,253 -$764,596	$7,439,401
11	$13,606,935	-$4,994,896 -$802,809	$7,809,230
12	$14,287,365	-$5,246,655 -$842,955	$8,197,755
13	$15,001,650	-$5,510,941 -$885,097	$8,605,612
14	$15,752,010	-$5,788,574 -$929,369	$9,034,067
15	$16,539,555	-$6,079,966 -$975,834	$9,483,755
16	$17,366,505	-$6,385,937 -$1,024,624	$9,955,944
17	$18,234,525	-$6,707,105 -$1,075,837	$10,451,583
18	$19,146,390	-$7,044,495 -$1,129,637	$10,972,258
19	$20,103,765	-$7,398,723 -$1,186,122	$11,518,920
20	$21,108,870	-$7,770,612 -$1,245,423	$12,092,835
21	$22,164,480	-$8,161,188 -$1,307,704	$12,695,588
22	$23,272,815	-$8,571,272 -$1,373,096	$13,328,447
23	$24,436,095	-$9,001,686 -$1,441,730	$13,992,679
24	$25,658,205	-$9,453,866 -$1,513,834	$14,690,505
25	$26,940,810	-$9,928,430 -$1,589,508	$15,422,872
26	$28,288,350	-$10,427,020 -$1,669,013	$16,192,317
27	$29,702,490	-$10,950,252 -$1,752,447	$16,999,791
28	$31,187,670	-$11,499,768 -$1,840,073	$17,847,829
29	$32,747,220	-$12,076,802 -$1,932,086	$18,738,332
30	$34,384,470	-$12,682,584 -$2,028,684	$19,673,202