New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 Million. If you win the Powerball 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 Powerball Jackpot/Cash Option for Mon Nov 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(5.9%)	$11,682,000
Net Lumpsum Payment	$113,097,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$372,076	$3,640,606
2	$6,621,876	-$2,410,425 -$390,691	$3,820,760
3	$6,952,886	-$2,532,898 -$410,220	$4,009,768
4	$7,300,656	-$2,661,573 -$430,739	$4,208,344
5	$7,665,605	-$2,796,604 -$452,271	$4,416,730
6	$8,048,990	-$2,938,457 -$474,890	$4,635,643
7	$8,451,230	-$3,087,285 -$498,623	$4,865,322
8	$8,874,001	-$3,243,711 -$523,566	$5,106,724
9	$9,317,722	-$3,407,888 -$549,746	$5,360,088
10	$9,783,650	-$3,580,281 -$577,235	$5,626,134
11	$10,272,623	-$3,761,201 -$606,085	$5,905,337
12	$10,786,317	-$3,951,268 -$636,393	$6,198,656
13	$11,325,570	-$4,150,791 -$668,209	$6,506,570
14	$11,892,058	-$4,360,392 -$701,631	$6,830,035
15	$12,486,619	-$4,580,379 -$736,711	$7,169,529
16	$13,110,929	-$4,811,374 -$773,545	$7,526,010
17	$13,766,245	-$5,053,841 -$812,208	$7,900,196
18	$14,454,662	-$5,308,555 -$852,825	$8,293,282
19	$15,177,437	-$5,575,982 -$895,469	$8,705,986
20	$15,936,246	-$5,856,741 -$940,239	$9,139,266
21	$16,733,184	-$6,151,608 -$987,258	$9,594,318
22	$17,569,927	-$6,461,203 -$1,036,626	$10,072,098
23	$18,448,151	-$6,786,146 -$1,088,441	$10,573,564
24	$19,370,789	-$7,127,522 -$1,142,877	$11,100,390
25	$20,339,098	-$7,485,797 -$1,200,007	$11,653,294
26	$21,356,430	-$7,862,209 -$1,260,029	$12,234,192
27	$22,424,042	-$8,257,226 -$1,323,018	$12,843,798
28	$23,545,286	-$8,672,086 -$1,389,172	$13,484,028
29	$24,722,676	-$9,107,721 -$1,458,638	$14,156,317
30	$25,958,726	-$9,565,059 -$1,531,565	$14,862,102