New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(5.9%)	$11,416,500
Net Lumpsum Payment	$110,528,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$378,292	$3,700,765
2	$6,732,504	-$2,451,357 -$397,218	$3,883,929
3	$7,069,044	-$2,575,877 -$417,074	$4,076,093
4	$7,422,624	-$2,706,701 -$437,935	$4,277,988
5	$7,793,670	-$2,843,988 -$459,827	$4,489,855
6	$8,183,460	-$2,988,211 -$482,824	$4,712,425
7	$8,592,420	-$3,139,526 -$506,953	$4,945,941
8	$9,022,254	-$3,298,564 -$532,313	$5,191,377
9	$9,473,388	-$3,465,484 -$558,930	$5,448,974
10	$9,947,100	-$3,640,757 -$586,879	$5,719,464
11	$10,444,242	-$3,824,700 -$616,210	$6,003,332
12	$10,966,518	-$4,017,942 -$647,025	$6,301,551
13	$11,514,780	-$4,220,799 -$679,372	$6,614,609
14	$12,090,732	-$4,433,901 -$713,353	$6,943,478
15	$12,695,226	-$4,657,564 -$749,018	$7,288,644
16	$13,329,966	-$4,892,418 -$786,468	$7,651,080
17	$13,996,230	-$5,138,935 -$825,778	$8,031,517
18	$14,696,148	-$5,397,905 -$867,073	$8,431,170
19	$15,430,998	-$5,669,800 -$910,429	$8,850,769
20	$16,202,484	-$5,955,249 -$955,947	$9,291,288
21	$17,012,736	-$6,255,043 -$1,003,751	$9,753,942
22	$17,863,458	-$6,569,810 -$1,053,944	$10,239,704
23	$18,756,354	-$6,900,181 -$1,106,625	$10,749,548
24	$19,694,406	-$7,247,261 -$1,161,970	$11,285,175
25	$20,678,892	-$7,611,520 -$1,220,055	$11,847,317
26	$21,713,220	-$7,994,222 -$1,281,080	$12,437,918
27	$22,798,668	-$8,395,838 -$1,345,121	$13,057,709
28	$23,938,644	-$8,817,629 -$1,412,380	$13,708,635
29	$25,135,704	-$9,260,541 -$1,483,007	$14,392,156
30	$26,392,404	-$9,725,520 -$1,557,152	$15,109,732