New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 14, 2026 is estimated to be $251 Million, with a cash option of 106.6 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 Sep 14, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 14, 2026	$251,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(5.9%)	$6,289,400
Net Lumpsum Payment	$60,908,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$222,890	$2,196,794
2	$3,966,804	-$1,428,048 -$234,041	$2,304,715
3	$4,165,094	-$1,501,415 -$245,741	$2,417,938
4	$4,373,424	-$1,578,497 -$258,032	$2,536,895
5	$4,592,045	-$1,659,387 -$270,931	$2,661,727
6	$4,821,710	-$1,744,363 -$284,481	$2,792,866
7	$5,062,670	-$1,833,518 -$298,698	$2,930,454
8	$5,315,929	-$1,927,224 -$313,640	$3,075,065
9	$5,581,738	-$2,025,573 -$329,323	$3,226,842
10	$5,860,850	-$2,128,845 -$345,790	$3,386,215
11	$6,153,767	-$2,237,224 -$363,072	$3,553,471
12	$6,461,493	-$2,351,083 -$381,228	$3,729,182
13	$6,784,530	-$2,470,606 -$400,287	$3,913,637
14	$7,123,882	-$2,596,167 -$420,309	$4,107,406
15	$7,480,051	-$2,727,949 -$441,323	$4,310,779
16	$7,854,041	-$2,866,326 -$463,388	$4,524,327
17	$8,246,605	-$3,011,574 -$486,550	$4,748,481
18	$8,658,998	-$3,164,160 -$510,881	$4,983,957
19	$9,091,973	-$3,324,360 -$536,426	$5,231,187
20	$9,546,534	-$3,492,548 -$563,246	$5,490,740
21	$10,023,936	-$3,669,187 -$591,412	$5,763,337
22	$10,525,183	-$3,854,648 -$620,986	$6,049,549
23	$11,051,279	-$4,049,304 -$652,025	$6,349,950
24	$11,603,981	-$4,253,803 -$684,635	$6,665,543
25	$12,184,042	-$4,468,426 -$718,858	$6,996,758
26	$12,793,470	-$4,693,914 -$754,815	$7,344,741
27	$13,433,018	-$4,930,547 -$792,548	$7,709,923
28	$14,104,694	-$5,179,067 -$832,177	$8,093,450
29	$14,810,004	-$5,440,032 -$873,790	$8,496,182
30	$15,550,454	-$5,713,998 -$917,477	$8,918,979