New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(5.9%)	$5,681,700
Net Lumpsum Payment	$55,026,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$201,578	$1,990,535
2	$3,587,508	-$1,287,708 -$211,663	$2,088,137
3	$3,766,838	-$1,354,060 -$222,243	$2,190,535
4	$3,955,248	-$1,423,772 -$233,360	$2,298,116
5	$4,152,965	-$1,496,927 -$245,025	$2,411,013
6	$4,360,670	-$1,573,778 -$257,280	$2,529,612
7	$4,578,590	-$1,654,409 -$270,137	$2,654,044
8	$4,807,633	-$1,739,155 -$283,650	$2,784,828
9	$5,048,026	-$1,828,100 -$297,834	$2,922,092
10	$5,300,450	-$1,921,497 -$312,727	$3,066,226
11	$5,565,359	-$2,019,513 -$328,356	$3,217,490
12	$5,843,661	-$2,122,485 -$344,776	$3,376,400
13	$6,135,810	-$2,230,580 -$362,013	$3,543,217
14	$6,442,714	-$2,344,135 -$380,120	$3,718,459
15	$6,764,827	-$2,463,316 -$399,125	$3,902,386
16	$7,103,057	-$2,588,461 -$419,080	$4,095,516
17	$7,458,085	-$2,719,822 -$440,027	$4,298,236
18	$7,831,046	-$2,857,817 -$462,032	$4,511,197
19	$8,222,621	-$3,002,700 -$485,135	$4,734,786
20	$8,633,718	-$3,154,806 -$509,389	$4,969,523
21	$9,065,472	-$3,314,555 -$534,863	$5,216,054
22	$9,518,791	-$3,482,283 -$561,609	$5,474,899
23	$9,994,583	-$3,658,326 -$589,680	$5,746,577
24	$10,494,437	-$3,843,272 -$619,172	$6,031,993
25	$11,019,034	-$4,037,373 -$650,123	$6,331,538
26	$11,570,190	-$4,241,301 -$682,641	$6,646,248
27	$12,148,586	-$4,455,307 -$716,767	$6,976,512
28	$12,756,038	-$4,680,064 -$752,606	$7,323,368
29	$13,393,908	-$4,916,076 -$790,241	$7,687,591
30	$14,063,558	-$5,163,847 -$829,750	$8,069,961