New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 6, 2025 is estimated to be $223 Million, with a cash option of 99.4 Million. If you win the MEGA Millions 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Mexico MEGA Millions Jackpot/Cash Option for Fri Jun 6, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 6, 2025	$223,000,000	$99,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,400,000
Federal Tax(24%)	$23,856,000
Additional Federal Tax	$12,882,330
State Tax(5.9%)	$5,864,600
Net Lumpsum Payment	$56,797,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$198,026	$1,956,159
2	$3,524,292	-$1,264,318 -$207,933	$2,052,041
3	$3,700,462	-$1,329,501 -$218,327	$2,152,634
4	$3,885,552	-$1,397,985 -$229,248	$2,258,319
5	$4,079,785	-$1,469,851 -$240,707	$2,369,227
6	$4,283,830	-$1,545,347 -$252,746	$2,485,737
7	$4,497,910	-$1,624,557 -$265,377	$2,607,976
8	$4,722,917	-$1,707,810 -$278,652	$2,736,455
9	$4,959,074	-$1,795,188 -$292,585	$2,871,301
10	$5,207,050	-$1,886,939 -$307,216	$3,012,895
11	$5,467,291	-$1,983,228 -$322,570	$3,161,493
12	$5,740,689	-$2,084,385 -$338,701	$3,317,603
13	$6,027,690	-$2,190,576 -$355,634	$3,481,480
14	$6,329,186	-$2,302,129 -$373,422	$3,653,635
15	$6,645,623	-$2,419,211 -$392,092	$3,834,320
16	$6,977,893	-$2,542,151 -$411,696	$4,024,046
17	$7,326,665	-$2,671,196 -$432,273	$4,223,196
18	$7,693,054	-$2,806,760 -$453,890	$4,432,404
19	$8,077,729	-$2,949,090 -$476,586	$4,652,053
20	$8,481,582	-$3,098,516 -$500,413	$4,882,653
21	$8,905,728	-$3,255,450 -$525,438	$5,124,840
22	$9,351,059	-$3,420,222 -$551,712	$5,379,125
23	$9,818,467	-$3,593,163 -$579,290	$5,646,014
24	$10,309,513	-$3,774,850 -$608,261	$5,926,402
25	$10,824,866	-$3,965,531 -$638,667	$6,220,668
26	$11,366,310	-$4,165,865 -$670,612	$6,529,833
27	$11,934,514	-$4,376,101 -$704,136	$6,854,277
28	$12,531,262	-$4,596,897 -$739,344	$7,195,021
29	$13,157,892	-$4,828,750 -$776,316	$7,552,826
30	$13,815,742	-$5,072,155 -$815,129	$7,928,458