New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(5.9%)	$12,519,800
Net Lumpsum Payment	$121,205,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$424,468	$4,147,660
2	$7,554,312	-$2,755,426 -$445,704	$4,353,182
3	$7,931,932	-$2,895,145 -$467,984	$4,568,803
4	$8,328,672	-$3,041,939 -$491,392	$4,795,341
5	$8,745,010	-$3,195,984 -$515,956	$5,033,070
6	$9,182,380	-$3,357,811 -$541,760	$5,282,809
7	$9,641,260	-$3,527,597 -$568,834	$5,544,829
8	$10,123,562	-$3,706,048 -$597,290	$5,820,224
9	$10,629,764	-$3,893,343 -$627,156	$6,109,265
10	$11,161,300	-$4,090,011 -$658,517	$6,412,772
11	$11,719,126	-$4,296,407 -$691,428	$6,731,291
12	$12,305,154	-$4,513,237 -$726,004	$7,065,913
13	$12,920,340	-$4,740,856 -$762,300	$7,417,184
14	$13,566,596	-$4,979,971 -$800,429	$7,786,196
15	$14,244,878	-$5,230,935 -$840,448	$8,173,495
16	$14,957,098	-$5,494,457 -$882,469	$8,580,172
17	$15,704,690	-$5,771,066 -$926,577	$9,007,047
18	$16,490,044	-$6,061,647 -$972,913	$9,455,484
19	$17,314,594	-$6,366,730 -$1,021,561	$9,926,303
20	$18,180,252	-$6,687,024 -$1,072,635	$10,420,593
21	$19,089,408	-$7,023,411 -$1,126,275	$10,939,722
22	$20,043,974	-$7,376,601 -$1,182,594	$11,484,779
23	$21,045,862	-$7,747,299 -$1,241,706	$12,056,857
24	$22,098,418	-$8,136,745 -$1,303,807	$12,657,866
25	$23,203,076	-$8,545,469 -$1,368,981	$13,288,626
26	$24,363,660	-$8,974,885 -$1,437,456	$13,951,319
27	$25,581,604	-$9,425,524 -$1,509,315	$14,646,765
28	$26,860,732	-$9,898,801 -$1,584,783	$15,377,148
29	$28,203,912	-$10,395,778 -$1,664,031	$16,144,103
30	$29,614,012	-$10,917,515 -$1,747,227	$16,949,270