New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(5.9%)	$12,449,000
Net Lumpsum Payment	$120,520,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$414,700	$4,053,124
2	$7,380,468	-$2,691,104 -$435,448	$4,253,916
3	$7,749,398	-$2,827,608 -$457,214	$4,464,576
4	$8,137,008	-$2,971,023 -$480,083	$4,685,902
5	$8,543,765	-$3,121,523 -$504,082	$4,918,160
6	$8,971,070	-$3,279,626 -$529,293	$5,162,151
7	$9,419,390	-$3,445,505 -$555,744	$5,418,141
8	$9,890,593	-$3,619,850 -$583,545	$5,687,198
9	$10,385,146	-$3,802,834 -$612,724	$5,969,588
10	$10,904,450	-$3,994,977 -$643,363	$6,266,110
11	$11,449,439	-$4,196,623 -$675,517	$6,577,299
12	$12,021,981	-$4,408,463 -$709,297	$6,904,221
13	$12,623,010	-$4,630,844 -$744,758	$7,247,408
14	$13,254,394	-$4,864,456 -$782,009	$7,607,929
15	$13,917,067	-$5,109,645 -$821,107	$7,986,315
16	$14,612,897	-$5,367,102 -$862,161	$8,383,634
17	$15,343,285	-$5,637,346 -$905,254	$8,800,685
18	$16,110,566	-$5,921,240 -$950,523	$9,238,803
19	$16,916,141	-$6,219,303 -$998,052	$9,698,786
20	$17,761,878	-$6,532,225 -$1,047,951	$10,181,702
21	$18,650,112	-$6,860,872 -$1,100,357	$10,688,883
22	$19,582,711	-$7,205,933 -$1,155,380	$11,221,398
23	$20,561,543	-$7,568,101 -$1,213,131	$11,780,311
24	$21,589,877	-$7,948,585 -$1,273,803	$12,367,489
25	$22,669,114	-$8,347,903 -$1,337,478	$12,983,733
26	$23,802,990	-$8,767,437 -$1,404,376	$13,631,177
27	$24,992,906	-$9,207,706 -$1,474,581	$14,310,619
28	$26,242,598	-$9,670,092 -$1,548,313	$15,024,193
29	$27,554,868	-$10,155,632 -$1,625,737	$15,773,499
30	$28,932,518	-$10,665,362 -$1,707,019	$16,560,137