New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 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 Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(5.9%)	$2,401,300
Net Lumpsum Payment	$23,279,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$79,921	$813,140
2	$1,422,360	-$486,604 -$83,919	$851,837
3	$1,493,460	-$512,911 -$88,114	$892,435
4	$1,568,160	-$540,550 -$92,521	$935,089
5	$1,646,550	-$569,554 -$97,146	$979,850
6	$1,728,900	-$600,023 -$102,005	$1,026,872
7	$1,815,300	-$631,991 -$107,103	$1,076,206
8	$1,906,110	-$665,591 -$112,460	$1,128,059
9	$2,001,420	-$700,856 -$118,084	$1,182,480
10	$2,101,500	-$737,885 -$123,989	$1,239,626
11	$2,206,530	-$776,746 -$130,185	$1,299,599
12	$2,316,870	-$817,572 -$136,695	$1,362,603
13	$2,432,700	-$860,429 -$143,529	$1,428,742
14	$2,554,380	-$905,451 -$150,708	$1,498,221
15	$2,682,090	-$952,704 -$158,243	$1,571,143
16	$2,816,190	-$1,002,321 -$166,155	$1,647,714
17	$2,956,950	-$1,054,402 -$174,460	$1,728,088
18	$3,104,820	-$1,109,114 -$183,184	$1,812,522
19	$3,260,070	-$1,166,556 -$192,344	$1,901,170
20	$3,423,060	-$1,226,863 -$201,961	$1,994,236
21	$3,594,240	-$1,290,199 -$212,060	$2,091,981
22	$3,773,970	-$1,356,699 -$222,664	$2,194,607
23	$3,962,610	-$1,426,496 -$233,794	$2,302,320
24	$4,160,790	-$1,499,823 -$245,487	$2,415,480
25	$4,368,780	-$1,576,779 -$257,758	$2,534,243
26	$4,587,300	-$1,657,631 -$270,651	$2,659,018
27	$4,816,620	-$1,742,480 -$284,181	$2,789,959
28	$5,057,460	-$1,831,591 -$298,390	$2,927,479
29	$5,310,360	-$1,925,164 -$313,311	$3,071,885
30	$5,575,860	-$2,023,399 -$328,976	$3,223,485