New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 19, 2025 is estimated to be $216 Million, with a cash option of 97 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 Aug 19, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 19, 2025	$216,000,000	$97,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$97,000,000
Federal Tax(24%)	$23,280,000
Additional Federal Tax	$12,570,330
State Tax(5.9%)	$5,723,000
Net Lumpsum Payment	$55,426,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,251,016	-$1,163,206 -$191,810	$1,896,000
2	$3,413,664	-$1,223,386 -$201,406	$1,988,872
3	$3,584,304	-$1,286,523 -$211,474	$2,086,307
4	$3,763,584	-$1,352,856 -$222,051	$2,188,677
5	$3,951,720	-$1,422,467 -$233,151	$2,296,102
6	$4,149,360	-$1,495,594 -$244,812	$2,408,954
7	$4,356,720	-$1,572,317 -$257,046	$2,527,357
8	$4,574,664	-$1,652,956 -$269,905	$2,651,803
9	$4,803,408	-$1,737,591 -$283,401	$2,782,416
10	$5,043,600	-$1,826,462 -$297,572	$2,919,566
11	$5,295,672	-$1,919,729 -$312,445	$3,063,498
12	$5,560,488	-$2,017,711 -$328,069	$3,214,708
13	$5,838,480	-$2,120,568 -$344,470	$3,373,442
14	$6,130,512	-$2,228,620 -$361,700	$3,540,192
15	$6,437,016	-$2,342,026 -$379,784	$3,715,206
16	$6,758,856	-$2,461,107 -$398,773	$3,898,976
17	$7,096,680	-$2,586,102 -$418,704	$4,091,874
18	$7,451,568	-$2,717,411 -$439,643	$4,294,514
19	$7,824,168	-$2,855,273 -$461,626	$4,507,269
20	$8,215,344	-$3,000,008 -$484,705	$4,730,631
21	$8,626,176	-$3,152,016 -$508,944	$4,965,216
22	$9,057,528	-$3,311,616 -$534,394	$5,211,518
23	$9,510,264	-$3,479,128 -$561,106	$5,470,030
24	$9,985,896	-$3,655,112 -$589,168	$5,741,616
25	$10,485,072	-$3,839,807 -$618,619	$6,026,646
26	$11,009,520	-$4,033,853 -$649,562	$6,326,105
27	$11,559,888	-$4,237,489 -$682,033	$6,640,366
28	$12,137,904	-$4,451,355 -$716,136	$6,970,413
29	$12,744,864	-$4,675,930 -$751,947	$7,316,987
30	$13,382,064	-$4,911,694 -$789,542	$7,680,828