New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 14, 2026 is estimated to be $146 Million, with a cash option of 66.9 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 Sat Feb 14, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 14, 2026	$146,000,000	$66,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$66,900,000
Federal Tax(24%)	$16,056,000
Additional Federal Tax	$8,657,330
State Tax(5.9%)	$3,947,100
Net Lumpsum Payment	$38,239,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,197,446	-$773,385 -$129,649	$1,294,412
2	$2,307,384	-$814,062 -$136,136	$1,357,186
3	$2,422,724	-$856,738 -$142,941	$1,423,045
4	$2,543,904	-$901,575 -$150,090	$1,492,239
5	$2,671,070	-$948,626 -$157,593	$1,564,851
6	$2,804,660	-$998,055 -$165,475	$1,641,130
7	$2,944,820	-$1,049,914 -$173,744	$1,721,162
8	$3,092,134	-$1,104,420 -$182,436	$1,805,278
9	$3,246,748	-$1,161,627 -$191,558	$1,893,563
10	$3,409,100	-$1,221,697 -$201,137	$1,986,266
11	$3,579,482	-$1,284,739 -$211,189	$2,083,554
12	$3,758,478	-$1,350,967 -$221,750	$2,185,761
13	$3,946,380	-$1,420,491 -$232,836	$2,293,053
14	$4,143,772	-$1,493,526 -$244,483	$2,405,763
15	$4,350,946	-$1,570,180 -$256,706	$2,524,060
16	$4,568,486	-$1,650,670 -$269,541	$2,648,275
17	$4,796,830	-$1,735,157 -$283,013	$2,778,660
18	$5,036,708	-$1,823,912 -$297,166	$2,915,630
19	$5,288,558	-$1,917,097 -$312,025	$3,059,436
20	$5,552,964	-$2,014,927 -$327,625	$3,210,412
21	$5,830,656	-$2,117,673 -$344,009	$3,368,974
22	$6,122,218	-$2,225,551 -$361,211	$3,535,456
23	$6,428,234	-$2,338,777 -$379,266	$3,710,191
24	$6,749,726	-$2,457,729 -$398,234	$3,893,763
25	$7,087,132	-$2,582,569 -$418,141	$4,086,422
26	$7,441,620	-$2,713,730 -$439,056	$4,288,834
27	$7,813,628	-$2,851,373 -$461,004	$4,501,251
28	$8,204,324	-$2,995,930 -$484,055	$4,724,339
29	$8,614,584	-$3,147,726 -$508,260	$4,958,598
30	$9,045,284	-$3,307,085 -$533,672	$5,204,527