New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 9, 2026 is estimated to be $199 Million, with a cash option of 90.5 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 Jan 9, 2026

Draw Date	Jackpot	Cash Option
Fri Jan 9, 2026	$199,000,000	$90,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$90,500,000
Federal Tax(24%)	$21,720,000
Additional Federal Tax	$11,725,330
State Tax(5.9%)	$5,339,500
Net Lumpsum Payment	$51,715,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,995,149	-$1,068,536 -$176,714	$1,749,899
2	$3,144,996	-$1,123,979 -$185,555	$1,835,462
3	$3,302,206	-$1,182,147 -$194,830	$1,925,229
4	$3,467,376	-$1,243,260 -$204,575	$2,019,541
5	$3,640,705	-$1,307,391 -$214,802	$2,118,512
6	$3,822,790	-$1,374,763 -$225,545	$2,222,482
7	$4,013,830	-$1,445,447 -$236,816	$2,331,567
8	$4,214,621	-$1,519,740 -$248,663	$2,446,218
9	$4,425,362	-$1,597,714 -$261,096	$2,566,552
10	$4,646,650	-$1,679,591 -$274,152	$2,692,907
11	$4,878,883	-$1,765,517 -$287,854	$2,825,512
12	$5,122,857	-$1,855,787 -$302,249	$2,964,821
13	$5,378,970	-$1,950,549 -$317,359	$3,111,062
14	$5,648,018	-$2,050,097 -$333,233	$3,264,688
15	$5,930,399	-$2,154,578 -$349,894	$3,425,927
16	$6,226,909	-$2,264,287 -$367,388	$3,595,234
17	$6,538,145	-$2,379,444 -$385,751	$3,772,950
18	$6,865,102	-$2,500,418 -$405,041	$3,959,643
19	$7,208,377	-$2,627,430 -$425,294	$4,155,653
20	$7,568,766	-$2,760,774 -$446,557	$4,361,435
21	$7,947,264	-$2,900,818 -$468,889	$4,577,557
22	$8,344,667	-$3,047,857 -$492,335	$4,804,475
23	$8,761,771	-$3,202,186 -$516,944	$5,042,641
24	$9,199,969	-$3,364,319 -$542,798	$5,292,852
25	$9,659,858	-$3,534,478 -$569,932	$5,555,448
26	$10,143,030	-$3,713,251 -$598,439	$5,831,340
27	$10,650,082	-$3,900,861 -$628,355	$6,120,866
28	$11,182,606	-$4,097,895 -$659,774	$6,424,937
29	$11,741,796	-$4,304,795 -$692,766	$6,744,235
30	$12,328,846	-$4,522,003 -$727,402	$7,079,441