New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(5.9%)	$4,259,800
Net Lumpsum Payment	$41,265,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$136,753	$1,363,165
2	$2,433,816	-$860,842 -$143,595	$1,429,379
3	$2,555,476	-$905,857 -$150,773	$1,498,846
4	$2,683,296	-$953,150 -$158,314	$1,571,832
5	$2,817,430	-$1,002,779 -$166,228	$1,648,423
6	$2,958,340	-$1,054,916 -$174,542	$1,728,882
7	$3,106,180	-$1,109,617 -$183,265	$1,813,298
8	$3,261,566	-$1,167,110 -$192,432	$1,902,024
9	$3,424,652	-$1,227,452 -$202,054	$1,995,146
10	$3,595,900	-$1,290,813 -$212,158	$2,092,929
11	$3,775,618	-$1,357,309 -$222,761	$2,195,548
12	$3,964,422	-$1,427,167 -$233,901	$2,303,354
13	$4,162,620	-$1,500,500 -$245,595	$2,416,525
14	$4,370,828	-$1,577,537 -$257,879	$2,535,412
15	$4,589,354	-$1,658,391 -$270,772	$2,660,191
16	$4,818,814	-$1,743,292 -$284,310	$2,791,212
17	$5,059,670	-$1,832,408 -$298,521	$2,928,741
18	$5,312,692	-$1,926,026 -$313,449	$3,073,217
19	$5,578,342	-$2,024,317 -$329,122	$3,224,903
20	$5,857,236	-$2,127,508 -$345,577	$3,384,151
21	$6,150,144	-$2,235,884 -$362,858	$3,551,402
22	$6,457,682	-$2,349,673 -$381,003	$3,727,006
23	$6,780,466	-$2,469,103 -$400,047	$3,911,316
24	$7,119,574	-$2,594,573 -$420,055	$4,104,946
25	$7,475,468	-$2,726,254 -$441,053	$4,308,161
26	$7,849,380	-$2,864,601 -$463,113	$4,521,666
27	$8,241,772	-$3,009,786 -$486,265	$4,745,721
28	$8,653,876	-$3,162,265 -$510,579	$4,981,032
29	$9,086,616	-$3,322,378 -$536,110	$5,228,128
30	$9,540,916	-$3,490,469 -$562,914	$5,487,533