New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 14, 2026 is estimated to be $63 Million, with a cash option of 27.1 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 Sat Nov 14, 2026

Draw Date	Jackpot	Cash Option
Sat Nov 14, 2026	$63,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(5.9%)	$1,598,900
Net Lumpsum Payment	$15,513,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$948,213	-$311,169 -$55,945	$581,099
2	$995,652	-$328,722 -$58,743	$608,187
3	$1,045,422	-$347,137 -$61,680	$636,605
4	$1,097,712	-$366,484 -$64,765	$666,463
5	$1,152,585	-$386,787 -$68,003	$697,795
6	$1,210,230	-$408,115 -$71,404	$730,711
7	$1,270,710	-$430,493 -$74,972	$765,245
8	$1,334,277	-$454,013 -$78,722	$801,542
9	$1,400,994	-$478,698 -$82,659	$839,637
10	$1,471,050	-$504,619 -$86,792	$879,639
11	$1,544,571	-$531,822 -$91,130	$921,619
12	$1,621,809	-$560,400 -$95,687	$965,722
13	$1,702,890	-$590,400 -$100,471	$1,012,019
14	$1,788,066	-$621,915 -$105,496	$1,060,655
15	$1,877,463	-$654,992 -$110,770	$1,111,701
16	$1,971,333	-$689,724 -$116,309	$1,165,300
17	$2,069,865	-$726,180 -$122,122	$1,221,563
18	$2,173,374	-$764,479 -$128,229	$1,280,666
19	$2,282,049	-$804,689 -$134,641	$1,342,719
20	$2,396,142	-$846,903 -$141,372	$1,407,867
21	$2,515,968	-$891,239 -$148,442	$1,476,287
22	$2,641,779	-$937,789 -$155,865	$1,548,125
23	$2,773,827	-$986,646 -$163,656	$1,623,525
24	$2,912,553	-$1,037,975 -$171,841	$1,702,737
25	$3,058,146	-$1,091,844 -$180,431	$1,785,871
26	$3,211,110	-$1,148,441 -$189,455	$1,873,214
27	$3,371,634	-$1,207,835 -$198,926	$1,964,873
28	$3,540,222	-$1,270,213 -$208,873	$2,061,136
29	$3,717,252	-$1,335,714 -$219,318	$2,162,220
30	$3,903,102	-$1,404,478 -$230,283	$2,268,341