The jackpot for the Powerball draw on Sat Dec 6, 2025, is projected to be $820 Million, with an option for a cash payout of $383.5 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New Mexico residents, the state will deduct 5.9% from your lottery earnings.
| New Mexico Powerball Jackpot/Cash Option for Sat Dec 6, 2025 |
|---|
| Draw Date | Sat Dec 6, 2025 | | Projected Jackpot | $820,000,000 | | Cash Value | $383,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $383,500,000 | | Federal Tax(24%) | $92,040,000 | | Additional Federal Tax | $49,815,330 | | State Tax(5.9%) | $22,626,500 | | Net Lumpsum Payment | $219,018,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,341,820 |
$4,526,804
$728,167 |
$7,086,849 |
| 2 |
$12,959,280 |
$4,755,264
$764,598 |
$7,439,418 |
| 3 |
$13,607,080 |
$4,994,950
$802,818 |
$7,809,312 |
| 4 |
$14,287,680 |
$5,246,772
$842,973 |
$8,197,935 |
| 5 |
$15,001,900 |
$5,511,033
$885,112 |
$8,605,755 |
| 6 |
$15,752,200 |
$5,788,644
$929,380 |
$9,034,176 |
| 7 |
$16,539,400 |
$6,079,908
$975,825 |
$9,483,667 |
| 8 |
$17,366,780 |
$6,386,039
$1,024,640 |
$9,956,101 |
| 9 |
$18,235,160 |
$6,707,340
$1,075,874 |
$10,451,946 |
| 10 |
$19,147,000 |
$7,044,720
$1,129,673 |
$10,972,607 |
| 11 |
$20,103,940 |
$7,398,788
$1,186,132 |
$11,519,020 |
| 12 |
$21,109,260 |
$7,770,757
$1,245,446 |
$12,093,057 |
| 13 |
$22,164,600 |
$8,161,232
$1,307,711 |
$12,695,657 |
| 14 |
$23,273,240 |
$8,571,429
$1,373,121 |
$13,328,690 |
| 15 |
$24,436,820 |
$9,001,954
$1,441,772 |
$13,993,094 |
| 16 |
$25,658,620 |
$9,454,020
$1,513,859 |
$14,690,741 |
| 17 |
$26,941,100 |
$9,928,537
$1,589,525 |
$15,423,038 |
| 18 |
$28,288,360 |
$10,427,024
$1,669,013 |
$16,192,323 |
| 19 |
$29,702,860 |
$10,950,389
$1,752,469 |
$17,000,002 |
| 20 |
$31,187,880 |
$11,499,846
$1,840,085 |
$17,847,949 |
| 21 |
$32,747,520 |
$12,076,913
$1,932,104 |
$18,738,503 |
| 22 |
$34,385,060 |
$12,682,803
$2,028,719 |
$19,673,538 |
| 23 |
$36,103,780 |
$13,318,729
$2,130,123 |
$20,654,928 |
| 24 |
$37,909,420 |
$13,986,816
$2,236,656 |
$21,685,948 |
| 25 |
$39,804,440 |
$14,687,973
$2,348,462 |
$22,768,005 |
| 26 |
$41,795,400 |
$15,424,628
$2,465,929 |
$23,904,843 |
| 27 |
$43,884,760 |
$16,197,692
$2,589,201 |
$25,097,867 |
| 28 |
$46,079,080 |
$17,009,590
$2,718,666 |
$26,350,824 |
| 29 |
$48,383,280 |
$17,862,144
$2,854,614 |
$27,666,522 |
| 30 |
$50,802,280 |
$18,757,174
$2,997,335 |
$29,047,771 |
|
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