New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 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 Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(5.9%)	$7,127,200
Net Lumpsum Payment	$69,016,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$229,106	$2,256,953
2	$4,077,432	-$1,468,980 -$240,568	$2,367,884
3	$4,281,252	-$1,544,394 -$252,594	$2,484,264
4	$4,495,392	-$1,623,625 -$265,228	$2,606,539
5	$4,720,110	-$1,706,771 -$278,486	$2,734,853
6	$4,956,180	-$1,794,117 -$292,415	$2,869,648
7	$5,203,860	-$1,885,759 -$307,028	$3,011,073
8	$5,464,182	-$1,982,078 -$322,387	$3,159,717
9	$5,737,404	-$2,083,170 -$338,507	$3,315,727
10	$6,024,300	-$2,189,321 -$355,434	$3,479,545
11	$6,325,386	-$2,300,723 -$373,198	$3,651,465
12	$6,641,694	-$2,417,757 -$391,860	$3,832,077
13	$6,973,740	-$2,540,614 -$411,451	$4,021,675
14	$7,322,556	-$2,669,676 -$432,031	$4,220,849
15	$7,688,658	-$2,805,134 -$453,631	$4,429,893
16	$8,073,078	-$2,947,369 -$476,312	$4,649,397
17	$8,476,590	-$3,096,669 -$500,119	$4,879,802
18	$8,900,484	-$3,253,509 -$525,129	$5,121,846
19	$9,345,534	-$3,418,178 -$551,387	$5,375,969
20	$9,812,772	-$3,591,056 -$578,954	$5,642,762
21	$10,303,488	-$3,772,621 -$607,906	$5,922,961
22	$10,818,714	-$3,963,255 -$638,304	$6,217,155
23	$11,359,482	-$4,163,339 -$670,209	$6,525,934
24	$11,927,598	-$4,373,542 -$703,728	$6,850,328
25	$12,523,836	-$4,594,150 -$738,906	$7,190,780
26	$13,150,260	-$4,825,927 -$775,865	$7,548,468
27	$13,807,644	-$5,069,159 -$814,651	$7,923,834
28	$14,498,052	-$5,324,610 -$855,385	$8,318,057
29	$15,223,032	-$5,592,852 -$898,159	$8,732,021
30	$15,984,132	-$5,874,459 -$943,064	$9,166,609