New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(5.9%)	$3,705,200
Net Lumpsum Payment	$35,898,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$124,321	$1,242,847
2	$2,212,560	-$778,978 -$130,541	$1,303,041
3	$2,323,160	-$819,900 -$137,066	$1,366,194
4	$2,439,360	-$862,894 -$143,922	$1,432,544
5	$2,561,300	-$908,011 -$151,117	$1,502,172
6	$2,689,400	-$955,408 -$158,675	$1,575,317
7	$2,823,800	-$1,005,136 -$166,604	$1,652,060
8	$2,965,060	-$1,057,403 -$174,939	$1,732,718
9	$3,113,320	-$1,112,259 -$183,686	$1,817,375
10	$3,269,000	-$1,169,860 -$192,871	$1,906,269
11	$3,432,380	-$1,230,311 -$202,510	$1,999,559
12	$3,604,020	-$1,293,818 -$212,637	$2,097,565
13	$3,784,200	-$1,360,484 -$223,268	$2,200,448
14	$3,973,480	-$1,430,518 -$234,435	$2,308,527
15	$4,172,140	-$1,504,022 -$246,156	$2,421,962
16	$4,380,740	-$1,581,204 -$258,464	$2,541,072
17	$4,599,700	-$1,662,219 -$271,382	$2,666,099
18	$4,829,720	-$1,747,327 -$284,953	$2,797,440
19	$5,071,220	-$1,836,682 -$299,202	$2,935,336
20	$5,324,760	-$1,930,492 -$314,161	$3,080,107
21	$5,591,040	-$2,029,015 -$329,871	$3,232,154
22	$5,870,620	-$2,132,460 -$346,367	$3,391,793
23	$6,164,060	-$2,241,033 -$363,680	$3,559,347
24	$6,472,340	-$2,355,096 -$381,868	$3,735,376
25	$6,795,880	-$2,474,806 -$400,957	$3,920,117
26	$7,135,800	-$2,600,576 -$421,012	$4,114,212
27	$7,492,520	-$2,732,563 -$442,059	$4,317,898
28	$7,867,160	-$2,871,180 -$464,162	$4,531,818
29	$8,260,560	-$3,016,738 -$487,373	$4,756,449
30	$8,673,560	-$3,169,548 -$511,740	$4,992,272