New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(5.9%)	$1,250,800
Net Lumpsum Payment	$12,144,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$40,848	$435,000
2	$726,984	-$229,314 -$42,892	$454,778
3	$763,324	-$242,760 -$45,036	$475,528
4	$801,504	-$256,887 -$47,289	$497,328
5	$841,570	-$271,711 -$49,653	$520,206
6	$883,660	-$287,285 -$52,136	$544,239
7	$927,820	-$303,624 -$54,741	$569,455
8	$974,234	-$320,797 -$57,480	$595,957
9	$1,022,948	-$338,821 -$60,354	$623,773
10	$1,074,100	-$357,747 -$63,372	$652,981
11	$1,127,782	-$377,610 -$66,539	$683,633
12	$1,184,178	-$398,476 -$69,867	$715,835
13	$1,243,380	-$420,381 -$73,359	$749,640
14	$1,305,572	-$443,392 -$77,029	$785,151
15	$1,370,846	-$467,543 -$80,880	$822,423
16	$1,439,386	-$492,903 -$84,924	$861,559
17	$1,511,330	-$519,522 -$89,168	$902,640
18	$1,586,908	-$547,486 -$93,628	$945,794
19	$1,666,258	-$576,846 -$98,309	$991,103
20	$1,749,564	-$607,669 -$103,224	$1,038,671
21	$1,837,056	-$640,041 -$108,386	$1,088,629
22	$1,928,918	-$674,030 -$113,806	$1,141,082
23	$2,025,334	-$709,704 -$119,495	$1,196,135
24	$2,126,626	-$747,182 -$125,471	$1,253,973
25	$2,232,932	-$786,515 -$131,743	$1,314,674
26	$2,344,620	-$827,840 -$138,333	$1,378,447
27	$2,461,828	-$871,207 -$145,248	$1,445,373
28	$2,584,924	-$916,752 -$152,511	$1,515,661
29	$2,714,184	-$964,578 -$160,137	$1,589,469
30	$2,849,884	-$1,014,787 -$168,143	$1,666,954