New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(5.9%)	$29,405,600
Net Lumpsum Payment	$284,626,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$976,810	$9,493,203
2	$17,384,400	-$6,392,558 -$1,025,680	$9,966,162
3	$18,253,400	-$6,714,088 -$1,076,951	$10,462,361
4	$19,166,400	-$7,051,898 -$1,130,818	$10,983,684
5	$20,124,500	-$7,406,395 -$1,187,346	$11,530,759
6	$21,131,000	-$7,778,800 -$1,246,729	$12,105,471
7	$22,187,000	-$8,169,520 -$1,309,033	$12,708,447
8	$23,296,900	-$8,580,183 -$1,374,517	$13,342,200
9	$24,461,800	-$9,011,196 -$1,443,246	$14,007,358
10	$25,685,000	-$9,463,780 -$1,515,415	$14,705,805
11	$26,968,700	-$9,938,749 -$1,591,153	$15,438,798
12	$28,317,300	-$10,437,731 -$1,670,721	$16,208,848
13	$29,733,000	-$10,961,540 -$1,754,247	$17,017,213
14	$31,220,200	-$11,511,804 -$1,841,992	$17,866,404
15	$32,781,100	-$12,089,337 -$1,934,085	$18,757,678
16	$34,420,100	-$12,695,767 -$2,030,786	$19,693,547
17	$36,140,500	-$13,332,315 -$2,132,290	$20,675,895
18	$37,947,800	-$14,001,016 -$2,238,920	$21,707,864
19	$39,845,300	-$14,703,091 -$2,350,873	$22,791,336
20	$41,837,400	-$15,440,168 -$2,468,407	$23,928,825
21	$43,929,600	-$16,214,282 -$2,591,846	$25,123,472
22	$46,126,300	-$17,027,061 -$2,721,452	$26,377,787
23	$48,431,900	-$17,880,133 -$2,857,482	$27,694,285
24	$50,854,100	-$18,776,347 -$3,000,392	$29,077,361
25	$53,396,200	-$19,716,924 -$3,150,376	$30,528,900
26	$56,067,000	-$20,705,120 -$3,307,953	$32,053,927
27	$58,869,800	-$21,742,156 -$3,473,318	$33,654,326
28	$61,813,400	-$22,831,288 -$3,646,991	$35,335,121
29	$64,904,400	-$23,974,958 -$3,829,360	$37,100,082
30	$68,149,400	-$25,175,608 -$4,020,815	$38,952,977