New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 18, 2026 is estimated to be $75 Million, with a cash option of 34.1 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 Apr 18, 2026

Draw Date	Jackpot	Cash Option
Sat Apr 18, 2026	$75,000,000	$34,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,100,000
Federal Tax(24%)	$8,184,000
Additional Federal Tax	$4,393,330
State Tax(5.9%)	$2,011,900
Net Lumpsum Payment	$19,510,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,128,825	-$377,996 -$66,601	$684,228
2	$1,185,300	-$398,891 -$69,933	$716,476
3	$1,244,550	-$420,814 -$73,428	$750,308
4	$1,306,800	-$443,846 -$77,101	$785,853
5	$1,372,125	-$468,017 -$80,955	$823,153
6	$1,440,750	-$493,408 -$85,004	$862,338
7	$1,512,750	-$520,048 -$89,252	$903,450
8	$1,588,425	-$548,048 -$93,717	$946,660
9	$1,667,850	-$577,435 -$98,403	$992,012
10	$1,751,250	-$608,293 -$103,324	$1,039,633
11	$1,838,775	-$640,677 -$108,488	$1,089,610
12	$1,930,725	-$674,699 -$113,913	$1,142,113
13	$2,027,250	-$710,413 -$119,608	$1,197,229
14	$2,128,650	-$747,931 -$125,590	$1,255,129
15	$2,235,075	-$787,308 -$131,869	$1,315,898
16	$2,346,825	-$828,656 -$138,463	$1,379,706
17	$2,464,125	-$872,057 -$145,383	$1,446,685
18	$2,587,350	-$917,650 -$152,654	$1,517,046
19	$2,716,725	-$965,519 -$160,287	$1,590,919
20	$2,852,550	-$1,015,774 -$168,300	$1,668,476
21	$2,995,200	-$1,068,554 -$176,717	$1,749,929
22	$3,144,975	-$1,123,971 -$185,554	$1,835,450
23	$3,302,175	-$1,182,135 -$194,828	$1,925,212
24	$3,467,325	-$1,243,241 -$204,572	$2,019,512
25	$3,640,650	-$1,307,371 -$214,798	$2,118,481
26	$3,822,750	-$1,374,748 -$225,542	$2,222,460
27	$4,013,850	-$1,445,455 -$236,817	$2,331,578
28	$4,214,550	-$1,519,714 -$248,658	$2,446,178
29	$4,425,300	-$1,597,691 -$261,093	$2,566,516
30	$4,646,550	-$1,679,554 -$274,146	$2,692,850