New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 1, 2025 is estimated to be $400 Million, with a cash option of 190.7 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 Sat Nov 1, 2025

Draw Date	Jackpot	Cash Option
Sat Nov 1, 2025	$400,000,000	$190,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$190,700,000
Federal Tax(24%)	$45,768,000
Additional Federal Tax	$24,751,330
State Tax(5.9%)	$11,251,300
Net Lumpsum Payment	$108,929,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,020,400	-$2,187,878 -$355,204	$3,477,318
2	$6,321,600	-$2,299,322 -$372,974	$3,649,304
3	$6,637,600	-$2,416,242 -$391,618	$3,829,740
4	$6,969,600	-$2,539,082 -$411,206	$4,019,312
5	$7,318,000	-$2,667,990 -$431,762	$4,218,248
6	$7,684,000	-$2,803,410 -$453,356	$4,427,234
7	$8,068,000	-$2,945,490 -$476,012	$4,646,498
8	$8,471,600	-$3,094,822 -$499,824	$4,876,954
9	$8,895,200	-$3,251,554 -$524,817	$5,118,829
10	$9,340,000	-$3,416,130 -$551,060	$5,372,810
11	$9,806,800	-$3,588,846 -$578,601	$5,639,353
12	$10,297,200	-$3,770,294 -$607,535	$5,919,371
13	$10,812,000	-$3,960,770 -$637,908	$6,213,322
14	$11,352,800	-$4,160,866 -$669,815	$6,522,119
15	$11,920,400	-$4,370,878 -$703,304	$6,846,218
16	$12,516,400	-$4,591,398 -$738,468	$7,186,534
17	$13,142,000	-$4,822,870 -$775,378	$7,543,752
18	$13,799,200	-$5,066,034 -$814,153	$7,919,013
19	$14,489,200	-$5,321,334 -$854,863	$8,313,003
20	$15,213,600	-$5,589,362 -$897,602	$8,726,636
21	$15,974,400	-$5,870,858 -$942,490	$9,161,052
22	$16,773,200	-$6,166,414 -$989,619	$9,617,167
23	$17,611,600	-$6,476,622 -$1,039,084	$10,095,894
24	$18,492,400	-$6,802,518 -$1,091,052	$10,598,830
25	$19,416,800	-$7,144,546 -$1,145,591	$11,126,663
26	$20,388,000	-$7,503,890 -$1,202,892	$11,681,218
27	$21,407,200	-$7,880,994 -$1,263,025	$12,263,181
28	$22,477,600	-$8,277,042 -$1,326,178	$12,874,380
29	$23,601,600	-$8,692,922 -$1,392,494	$13,516,184
30	$24,781,600	-$9,129,522 -$1,462,114	$14,189,964