New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 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 Mon Aug 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(5.9%)	$2,053,200
Net Lumpsum Payment	$19,910,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$71,929	$735,793
2	$1,280,124	-$433,976 -$75,527	$770,621
3	$1,344,114	-$457,653 -$79,303	$807,158
4	$1,411,344	-$482,528 -$83,269	$845,547
5	$1,481,895	-$508,632 -$87,432	$885,831
6	$1,556,010	-$536,054 -$91,805	$928,151
7	$1,633,770	-$564,825 -$96,392	$972,553
8	$1,715,499	-$595,065 -$101,214	$1,019,220
9	$1,801,278	-$626,803 -$106,275	$1,068,200
10	$1,891,350	-$660,130 -$111,590	$1,119,630
11	$1,985,877	-$695,105 -$117,167	$1,173,605
12	$2,085,183	-$731,848 -$123,026	$1,230,309
13	$2,189,430	-$770,419 -$129,176	$1,289,835
14	$2,298,942	-$810,939 -$135,638	$1,352,365
15	$2,413,881	-$853,466 -$142,419	$1,417,996
16	$2,534,571	-$898,122 -$149,540	$1,486,909
17	$2,661,255	-$944,995 -$157,014	$1,559,246
18	$2,794,338	-$994,235 -$164,866	$1,635,237
19	$2,934,063	-$1,045,934 -$173,110	$1,715,019
20	$3,080,754	-$1,100,209 -$181,764	$1,798,781
21	$3,234,816	-$1,157,212 -$190,854	$1,886,750
22	$3,396,573	-$1,217,062 -$200,398	$1,979,113
23	$3,566,349	-$1,279,880 -$210,415	$2,076,054
24	$3,744,711	-$1,345,873 -$220,938	$2,177,900
25	$3,931,902	-$1,415,134 -$231,982	$2,284,786
26	$4,128,570	-$1,487,901 -$243,586	$2,397,083
27	$4,334,958	-$1,564,265 -$255,763	$2,514,930
28	$4,551,714	-$1,644,465 -$268,551	$2,638,698
29	$4,779,324	-$1,728,680 -$281,980	$2,768,664
30	$5,018,274	-$1,817,092 -$296,078	$2,905,104