New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(5.9%)	$17,888,800
Net Lumpsum Payment	$173,166,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$580,758	$5,660,225
2	$10,335,816	-$3,784,582 -$609,813	$5,941,421
3	$10,852,476	-$3,975,747 -$640,296	$6,236,433
4	$11,395,296	-$4,176,590 -$672,322	$6,546,384
5	$11,964,930	-$4,387,354 -$705,931	$6,871,645
6	$12,563,340	-$4,608,766 -$741,237	$7,213,337
7	$13,191,180	-$4,841,067 -$778,280	$7,571,833
8	$13,851,066	-$5,085,225 -$817,213	$7,948,628
9	$14,543,652	-$5,341,482 -$858,075	$8,344,095
10	$15,270,900	-$5,610,563 -$900,983	$8,759,354
11	$16,034,118	-$5,892,954 -$946,013	$9,195,151
12	$16,835,922	-$6,189,622 -$993,319	$9,652,981
13	$17,677,620	-$6,501,050 -$1,042,980	$10,133,590
14	$18,561,828	-$6,828,207 -$1,095,148	$10,638,473
15	$19,489,854	-$7,171,576 -$1,149,901	$11,168,377
16	$20,464,314	-$7,532,127 -$1,207,395	$11,724,792
17	$21,487,170	-$7,910,583 -$1,267,743	$12,308,844
18	$22,561,692	-$8,308,156 -$1,331,140	$12,922,396
19	$23,689,842	-$8,725,572 -$1,397,701	$13,566,569
20	$24,874,236	-$9,163,798 -$1,467,580	$14,242,858
21	$26,118,144	-$9,624,044 -$1,540,970	$14,953,130
22	$27,424,182	-$10,107,278 -$1,618,027	$15,698,877
23	$28,794,966	-$10,614,468 -$1,698,903	$16,481,595
24	$30,235,074	-$11,147,308 -$1,783,869	$17,303,897
25	$31,746,468	-$11,706,524 -$1,873,042	$18,166,902
26	$33,334,380	-$12,294,051 -$1,966,728	$19,073,601
27	$35,000,772	-$12,910,616 -$2,065,046	$20,025,110
28	$36,750,876	-$13,558,155 -$2,168,302	$21,024,419
29	$38,588,616	-$14,238,118 -$2,276,728	$22,073,770
30	$40,517,916	-$14,951,959 -$2,390,557	$23,175,400