New Mexico Lottery

NMLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 13, 2026 is estimated to be $555 Million, with a cash option of 235.2 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 Nov 13, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 13, 2026	$555,000,000	$235,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$235,200,000
Federal Tax(24%)	$56,448,000
Additional Federal Tax	$30,536,330
State Tax(5.9%)	$13,876,800
Net Lumpsum Payment	$134,338,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,353,305	-$3,051,053 -$492,845	$4,809,407
2	$8,771,220	-$3,205,682 -$517,502	$5,048,036
3	$9,209,670	-$3,367,908 -$543,371	$5,298,391
4	$9,670,320	-$3,538,349 -$570,549	$5,561,422
5	$10,153,725	-$3,717,209 -$599,070	$5,837,446
6	$10,661,550	-$3,905,104 -$629,031	$6,127,415
7	$11,194,350	-$4,102,240 -$660,467	$6,431,643
8	$11,754,345	-$4,309,438 -$693,506	$6,751,401
9	$12,342,090	-$4,526,904 -$728,183	$7,087,003
10	$12,959,250	-$4,755,253 -$764,596	$7,439,401
11	$13,606,935	-$4,994,896 -$802,809	$7,809,230
12	$14,287,365	-$5,246,655 -$842,955	$8,197,755
13	$15,001,650	-$5,510,941 -$885,097	$8,605,612
14	$15,752,010	-$5,788,574 -$929,369	$9,034,067
15	$16,539,555	-$6,079,966 -$975,834	$9,483,755
16	$17,366,505	-$6,385,937 -$1,024,624	$9,955,944
17	$18,234,525	-$6,707,105 -$1,075,837	$10,451,583
18	$19,146,390	-$7,044,495 -$1,129,637	$10,972,258
19	$20,103,765	-$7,398,723 -$1,186,122	$11,518,920
20	$21,108,870	-$7,770,612 -$1,245,423	$12,092,835
21	$22,164,480	-$8,161,188 -$1,307,704	$12,695,588
22	$23,272,815	-$8,571,272 -$1,373,096	$13,328,447
23	$24,436,095	-$9,001,686 -$1,441,730	$13,992,679
24	$25,658,205	-$9,453,866 -$1,513,834	$14,690,505
25	$26,940,810	-$9,928,430 -$1,589,508	$15,422,872
26	$28,288,350	-$10,427,020 -$1,669,013	$16,192,317
27	$29,702,490	-$10,950,252 -$1,752,447	$16,999,791
28	$31,187,670	-$11,499,768 -$1,840,073	$17,847,829
29	$32,747,220	-$12,076,802 -$1,932,086	$18,738,332
30	$34,384,470	-$12,682,584 -$2,028,684	$19,673,202