New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 7, 2026 is estimated to be $35 Million, with a cash option of 16.5 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 Mar 7, 2026

Draw Date	Jackpot	Cash Option
Sat Mar 7, 2026	$35,000,000	$16,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$16,500,000
Federal Tax(24%)	$3,960,000
Additional Federal Tax	$2,105,330
State Tax(5.9%)	$973,500
Net Lumpsum Payment	$9,461,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$526,785	-$155,241 -$31,080	$340,464
2	$553,140	-$164,992 -$32,635	$355,513
3	$580,790	-$175,223 -$34,267	$371,300
4	$609,840	-$185,971 -$35,981	$387,888
5	$640,325	-$197,251 -$37,779	$405,295
6	$672,350	-$209,100 -$39,669	$423,581
7	$705,950	-$221,532 -$41,651	$442,767
8	$741,265	-$234,598 -$43,735	$462,932
9	$778,330	-$248,312 -$45,921	$484,097
10	$817,250	-$262,713 -$48,218	$506,319
11	$858,095	-$277,826 -$50,628	$529,641
12	$901,005	-$293,702 -$53,159	$554,144
13	$946,050	-$310,369 -$55,817	$579,864
14	$993,370	-$327,877 -$58,609	$606,884
15	$1,043,035	-$346,253 -$61,539	$635,243
16	$1,095,185	-$365,549 -$64,616	$665,020
17	$1,149,925	-$385,803 -$67,846	$696,276
18	$1,207,430	-$407,079 -$71,238	$729,113
19	$1,267,805	-$429,418 -$74,800	$763,587
20	$1,331,190	-$452,871 -$78,540	$799,779
21	$1,397,760	-$477,502 -$82,468	$837,790
22	$1,467,655	-$503,363 -$86,592	$877,700
23	$1,541,015	-$530,506 -$90,920	$919,589
24	$1,618,085	-$559,022 -$95,467	$963,596
25	$1,698,970	-$588,949 -$100,239	$1,009,782
26	$1,783,950	-$620,392 -$105,253	$1,058,305
27	$1,873,130	-$653,388 -$110,515	$1,109,227
28	$1,966,790	-$688,043 -$116,041	$1,162,706
29	$2,065,140	-$724,432 -$121,843	$1,218,865
30	$2,168,390	-$762,635 -$127,935	$1,277,820