New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 Million. If you win the Powerball 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Mexico Powerball Jackpot/Cash Option for Mon May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(5.9%)	$1,516,300
Net Lumpsum Payment	$14,714,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$50,617	$529,534
2	$900,828	-$293,637 -$53,149	$554,042
3	$945,858	-$310,298 -$55,806	$579,754
4	$993,168	-$327,803 -$58,597	$606,768
5	$1,042,815	-$346,172 -$61,526	$635,117
6	$1,094,970	-$365,469 -$64,603	$664,898
7	$1,149,690	-$385,716 -$67,832	$696,142
8	$1,207,203	-$406,995 -$71,225	$728,983
9	$1,267,566	-$429,330 -$74,786	$763,450
10	$1,330,950	-$452,782 -$78,526	$799,642
11	$1,397,469	-$477,394 -$82,451	$837,624
12	$1,467,351	-$503,250 -$86,574	$877,527
13	$1,540,710	-$530,393 -$90,902	$919,415
14	$1,617,774	-$558,907 -$95,449	$963,418
15	$1,698,657	-$588,833 -$100,221	$1,009,603
16	$1,783,587	-$620,258 -$105,232	$1,058,097
17	$1,872,735	-$653,242 -$110,491	$1,109,002
18	$1,966,386	-$687,893 -$116,017	$1,162,476
19	$2,064,711	-$724,273 -$121,818	$1,218,620
20	$2,167,938	-$762,467 -$127,908	$1,277,563
21	$2,276,352	-$802,581 -$134,305	$1,339,466
22	$2,390,181	-$844,697 -$141,021	$1,404,463
23	$2,509,653	-$888,902 -$148,070	$1,472,681
24	$2,635,167	-$935,342 -$155,475	$1,544,350
25	$2,766,894	-$984,081 -$163,247	$1,619,566
26	$2,905,290	-$1,035,288 -$171,412	$1,698,590
27	$3,050,526	-$1,089,025 -$179,981	$1,781,520
28	$3,203,058	-$1,145,462 -$188,980	$1,868,616
29	$3,363,228	-$1,204,725 -$198,430	$1,960,073
30	$3,531,378	-$1,266,940 -$208,351	$2,056,087