New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(5.9%)	$12,449,000
Net Lumpsum Payment	$120,520,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$414,700	$4,053,124
2	$7,380,468	-$2,691,104 -$435,448	$4,253,916
3	$7,749,398	-$2,827,608 -$457,214	$4,464,576
4	$8,137,008	-$2,971,023 -$480,083	$4,685,902
5	$8,543,765	-$3,121,523 -$504,082	$4,918,160
6	$8,971,070	-$3,279,626 -$529,293	$5,162,151
7	$9,419,390	-$3,445,505 -$555,744	$5,418,141
8	$9,890,593	-$3,619,850 -$583,545	$5,687,198
9	$10,385,146	-$3,802,834 -$612,724	$5,969,588
10	$10,904,450	-$3,994,977 -$643,363	$6,266,110
11	$11,449,439	-$4,196,623 -$675,517	$6,577,299
12	$12,021,981	-$4,408,463 -$709,297	$6,904,221
13	$12,623,010	-$4,630,844 -$744,758	$7,247,408
14	$13,254,394	-$4,864,456 -$782,009	$7,607,929
15	$13,917,067	-$5,109,645 -$821,107	$7,986,315
16	$14,612,897	-$5,367,102 -$862,161	$8,383,634
17	$15,343,285	-$5,637,346 -$905,254	$8,800,685
18	$16,110,566	-$5,921,240 -$950,523	$9,238,803
19	$16,916,141	-$6,219,303 -$998,052	$9,698,786
20	$17,761,878	-$6,532,225 -$1,047,951	$10,181,702
21	$18,650,112	-$6,860,872 -$1,100,357	$10,688,883
22	$19,582,711	-$7,205,933 -$1,155,380	$11,221,398
23	$20,561,543	-$7,568,101 -$1,213,131	$11,780,311
24	$21,589,877	-$7,948,585 -$1,273,803	$12,367,489
25	$22,669,114	-$8,347,903 -$1,337,478	$12,983,733
26	$23,802,990	-$8,767,437 -$1,404,376	$13,631,177
27	$24,992,906	-$9,207,706 -$1,474,581	$14,310,619
28	$26,242,598	-$9,670,092 -$1,548,313	$15,024,193
29	$27,554,868	-$10,155,632 -$1,625,737	$15,773,499
30	$28,932,518	-$10,665,362 -$1,707,019	$16,560,137