New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 13, 2026 is estimated to be $385 Million, with a cash option of 174.2 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 Fri Feb 13, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 13, 2026	$385,000,000	$174,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$174,200,000
Federal Tax(24%)	$41,808,000
Additional Federal Tax	$22,606,330
State Tax(5.9%)	$10,277,800
Net Lumpsum Payment	$99,507,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,794,635	-$2,104,345 -$341,883	$3,348,407
2	$6,084,540	-$2,211,610 -$358,988	$3,513,942
3	$6,388,690	-$2,324,146 -$376,933	$3,687,611
4	$6,708,240	-$2,442,379 -$395,786	$3,870,075
5	$7,043,575	-$2,566,453 -$415,571	$4,061,551
6	$7,395,850	-$2,696,795 -$436,355	$4,262,700
7	$7,765,450	-$2,833,547 -$458,162	$4,473,741
8	$8,153,915	-$2,977,279 -$481,081	$4,695,555
9	$8,561,630	-$3,128,133 -$505,136	$4,928,361
10	$8,989,750	-$3,286,538 -$530,395	$5,172,817
11	$9,439,045	-$3,452,777 -$556,904	$5,429,364
12	$9,911,055	-$3,627,421 -$584,752	$5,698,882
13	$10,406,550	-$3,810,754 -$613,986	$5,981,810
14	$10,927,070	-$4,003,346 -$644,697	$6,279,027
15	$11,473,385	-$4,205,483 -$676,930	$6,590,972
16	$12,047,035	-$4,417,733 -$710,775	$6,918,527
17	$12,649,175	-$4,640,525 -$746,301	$7,262,349
18	$13,281,730	-$4,874,570 -$783,622	$7,623,538
19	$13,945,855	-$5,120,297 -$822,805	$8,002,753
20	$14,643,090	-$5,378,274 -$863,942	$8,400,874
21	$15,375,360	-$5,649,214 -$907,146	$8,819,000
22	$16,144,205	-$5,933,686 -$952,508	$9,258,011
23	$16,951,165	-$6,232,261 -$1,000,119	$9,718,785
24	$17,798,935	-$6,545,936 -$1,050,137	$10,202,862
25	$18,688,670	-$6,875,138 -$1,102,632	$10,710,900
26	$19,623,450	-$7,221,007 -$1,157,784	$11,244,659
27	$20,604,430	-$7,583,969 -$1,215,661	$11,804,800
28	$21,634,690	-$7,965,166 -$1,276,447	$12,393,077
29	$22,716,540	-$8,365,450 -$1,340,276	$13,010,814
30	$23,852,290	-$8,785,678 -$1,407,285	$13,659,327