New Mexico Lottery

NMLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 28, 2026 is estimated to be $166 Million, with a cash option of 75.2 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 28, 2026

Draw Date	Jackpot	Cash Option
Sat Mar 28, 2026	$166,000,000	$75,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,200,000
Federal Tax(24%)	$18,048,000
Additional Federal Tax	$9,736,330
State Tax(5.9%)	$4,436,800
Net Lumpsum Payment	$42,978,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,498,466	-$884,763 -$147,409	$1,466,294
2	$2,623,464	-$931,012 -$154,784	$1,537,668
3	$2,754,604	-$979,534 -$162,522	$1,612,548
4	$2,892,384	-$1,030,512 -$170,651	$1,691,221
5	$3,036,970	-$1,084,009 -$179,181	$1,773,780
6	$3,188,860	-$1,140,209 -$188,143	$1,860,508
7	$3,348,220	-$1,199,172 -$197,545	$1,951,503
8	$3,515,714	-$1,261,145 -$207,427	$2,047,142
9	$3,691,508	-$1,326,188 -$217,799	$2,147,521
10	$3,876,100	-$1,394,487 -$228,690	$2,252,923
11	$4,069,822	-$1,466,165 -$240,119	$2,363,538
12	$4,273,338	-$1,541,465 -$252,127	$2,479,746
13	$4,486,980	-$1,620,513 -$264,732	$2,601,735
14	$4,711,412	-$1,703,553 -$277,973	$2,729,886
15	$4,946,966	-$1,790,708 -$291,871	$2,864,387
16	$5,194,306	-$1,882,224 -$306,464	$3,005,618
17	$5,453,930	-$1,978,284 -$321,782	$3,153,864
18	$5,726,668	-$2,079,198 -$337,873	$3,309,597
19	$6,013,018	-$2,185,147 -$354,768	$3,473,103
20	$6,313,644	-$2,296,379 -$372,505	$3,644,760
21	$6,629,376	-$2,413,200 -$391,133	$3,825,043
22	$6,960,878	-$2,535,855 -$410,692	$4,014,331
23	$7,308,814	-$2,664,592 -$431,220	$4,213,002
24	$7,674,346	-$2,799,838 -$452,786	$4,421,722
25	$8,057,972	-$2,941,780 -$475,420	$4,640,772
26	$8,461,020	-$3,090,908 -$499,200	$4,870,912
27	$8,883,988	-$3,247,406 -$524,155	$5,112,427
28	$9,328,204	-$3,411,766 -$550,364	$5,366,074
29	$9,794,664	-$3,584,356 -$577,885	$5,632,423
30	$10,284,364	-$3,765,545 -$606,777	$5,912,042