New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jun 18, 2025 is estimated to be $101 Million, with a cash option of 45.7 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 Wed Jun 18, 2025

Draw Date	Jackpot	Cash Option
Wed Jun 18, 2025	$101,000,000	$45,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,700,000
Federal Tax(24%)	$10,968,000
Additional Federal Tax	$5,901,330
State Tax(5.9%)	$2,696,300
Net Lumpsum Payment	$26,134,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,520,151	-$522,786 -$89,689	$907,676
2	$1,596,204	-$550,926 -$94,176	$951,102
3	$1,675,994	-$580,448 -$98,884	$996,662
4	$1,759,824	-$611,465 -$103,830	$1,044,529
5	$1,847,795	-$644,015 -$109,020	$1,094,760
6	$1,940,210	-$678,208 -$114,472	$1,147,530
7	$2,037,170	-$714,083 -$120,193	$1,202,894
8	$2,139,079	-$751,790 -$126,206	$1,261,083
9	$2,246,038	-$791,364 -$132,516	$1,322,158
10	$2,358,350	-$832,920 -$139,143	$1,386,287
11	$2,476,217	-$876,531 -$146,097	$1,453,589
12	$2,600,043	-$922,346 -$153,403	$1,524,294
13	$2,730,030	-$970,441 -$161,072	$1,598,517
14	$2,866,582	-$1,020,966 -$169,128	$1,676,488
15	$3,009,901	-$1,073,994 -$177,584	$1,758,323
16	$3,160,391	-$1,129,675 -$186,463	$1,844,253
17	$3,318,355	-$1,188,122 -$195,783	$1,934,450
18	$3,484,298	-$1,249,521 -$205,574	$2,029,203
19	$3,658,523	-$1,313,984 -$215,853	$2,128,686
20	$3,841,434	-$1,381,661 -$226,645	$2,233,128
21	$4,033,536	-$1,452,739 -$237,979	$2,342,818
22	$4,235,233	-$1,527,367 -$249,879	$2,457,987
23	$4,446,929	-$1,605,694 -$262,369	$2,578,866
24	$4,669,331	-$1,687,983 -$275,491	$2,705,857
25	$4,902,742	-$1,774,345 -$289,262	$2,839,135
26	$5,147,970	-$1,865,079 -$303,730	$2,979,161
27	$5,405,318	-$1,960,298 -$318,914	$3,126,106
28	$5,675,594	-$2,060,300 -$334,860	$3,280,434
29	$5,959,404	-$2,165,310 -$351,605	$3,442,489
30	$6,257,354	-$2,275,551 -$369,184	$3,612,619