New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(5.9%)	$2,342,300
Net Lumpsum Payment	$22,708,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$77,257	$787,358
2	$1,374,948	-$469,061 -$81,122	$824,765
3	$1,443,678	-$494,491 -$85,177	$864,010
4	$1,515,888	-$521,209 -$89,437	$905,242
5	$1,591,665	-$549,246 -$93,908	$948,511
6	$1,671,270	-$578,700 -$98,605	$993,965
7	$1,754,790	-$609,603 -$103,533	$1,041,654
8	$1,842,573	-$642,082 -$108,712	$1,091,779
9	$1,934,706	-$676,172 -$114,148	$1,144,386
10	$2,031,450	-$711,967 -$119,856	$1,199,627
11	$2,132,979	-$749,533 -$125,846	$1,257,600
12	$2,239,641	-$788,998 -$132,139	$1,318,504
13	$2,351,610	-$830,426 -$138,745	$1,382,439
14	$2,469,234	-$873,947 -$145,685	$1,449,602
15	$2,592,687	-$919,625 -$152,969	$1,520,093
16	$2,722,317	-$967,588 -$160,617	$1,594,112
17	$2,858,385	-$1,017,933 -$168,645	$1,671,807
18	$3,001,326	-$1,070,821 -$177,078	$1,753,427
19	$3,151,401	-$1,126,349 -$185,933	$1,839,119
20	$3,308,958	-$1,184,645 -$195,229	$1,929,084
21	$3,474,432	-$1,245,870 -$204,991	$2,023,571
22	$3,648,171	-$1,310,154 -$215,242	$2,122,775
23	$3,830,523	-$1,377,624 -$226,001	$2,226,898
24	$4,022,097	-$1,448,506 -$237,304	$2,336,287
25	$4,223,154	-$1,522,897 -$249,166	$2,451,091
26	$4,434,390	-$1,601,055 -$261,629	$2,571,706
27	$4,656,066	-$1,683,075 -$274,708	$2,698,283
28	$4,888,878	-$1,769,215 -$288,444	$2,831,219
29	$5,133,348	-$1,859,669 -$302,868	$2,970,811
30	$5,389,998	-$1,954,630 -$318,010	$3,117,358