New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Tue Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(5.9%)	$2,135,800
Net Lumpsum Payment	$20,709,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$71,041	$727,199
2	$1,264,320	-$428,129 -$74,595	$761,596
3	$1,327,520	-$451,513 -$78,324	$797,683
4	$1,393,920	-$476,081 -$82,241	$835,598
5	$1,463,600	-$501,862 -$86,352	$875,386
6	$1,536,800	-$528,946 -$90,671	$917,183
7	$1,613,600	-$557,362 -$95,202	$961,036
8	$1,694,320	-$587,229 -$99,965	$1,007,126
9	$1,779,040	-$618,575 -$104,963	$1,055,502
10	$1,868,000	-$651,490 -$110,212	$1,106,298
11	$1,961,360	-$686,034 -$115,720	$1,159,606
12	$2,059,440	-$722,323 -$121,507	$1,215,610
13	$2,162,400	-$760,418 -$127,582	$1,274,400
14	$2,270,560	-$800,438 -$133,963	$1,336,159
15	$2,384,080	-$842,440 -$140,661	$1,400,979
16	$2,503,280	-$886,544 -$147,694	$1,469,042
17	$2,628,400	-$932,838 -$155,076	$1,540,486
18	$2,759,840	-$981,471 -$162,831	$1,615,538
19	$2,897,840	-$1,032,531 -$170,973	$1,694,336
20	$3,042,720	-$1,086,137 -$179,520	$1,777,063
21	$3,194,880	-$1,142,436 -$188,498	$1,863,946
22	$3,354,640	-$1,201,547 -$197,924	$1,955,169
23	$3,522,320	-$1,263,589 -$207,817	$2,050,914
24	$3,698,480	-$1,328,768 -$218,210	$2,151,502
25	$3,883,360	-$1,397,174 -$229,118	$2,257,068
26	$4,077,600	-$1,469,042 -$240,578	$2,367,980
27	$4,281,440	-$1,544,463 -$252,605	$2,484,372
28	$4,495,520	-$1,623,673 -$265,236	$2,606,611
29	$4,720,320	-$1,706,849 -$278,499	$2,734,972
30	$4,956,320	-$1,794,169 -$292,423	$2,869,728