The jackpot for the Powerball draw on Mon Nov 3, 2025, is projected to be $419 Million, with an option for a cash payout of $198 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 Mon Nov 3, 2025 |
|---|
| Draw Date | Mon Nov 3, 2025 | | Projected Jackpot | $419,000,000 | | Cash Value | $198,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $198,000,000 | | Federal Tax(24%) | $47,520,000 | | Additional Federal Tax | $25,700,330 | | State Tax(5.9%) | $11,682,000 | | Net Lumpsum Payment | $113,097,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,306,369 |
$2,293,687
$372,076 |
$3,640,606 |
| 2 |
$6,621,876 |
$2,410,425
$390,691 |
$3,820,760 |
| 3 |
$6,952,886 |
$2,532,898
$410,220 |
$4,009,768 |
| 4 |
$7,300,656 |
$2,661,573
$430,739 |
$4,208,344 |
| 5 |
$7,665,605 |
$2,796,604
$452,271 |
$4,416,730 |
| 6 |
$8,048,990 |
$2,938,457
$474,890 |
$4,635,643 |
| 7 |
$8,451,230 |
$3,087,285
$498,623 |
$4,865,322 |
| 8 |
$8,874,001 |
$3,243,711
$523,566 |
$5,106,724 |
| 9 |
$9,317,722 |
$3,407,888
$549,746 |
$5,360,088 |
| 10 |
$9,783,650 |
$3,580,281
$577,235 |
$5,626,134 |
| 11 |
$10,272,623 |
$3,761,201
$606,085 |
$5,905,337 |
| 12 |
$10,786,317 |
$3,951,268
$636,393 |
$6,198,656 |
| 13 |
$11,325,570 |
$4,150,791
$668,209 |
$6,506,570 |
| 14 |
$11,892,058 |
$4,360,392
$701,631 |
$6,830,035 |
| 15 |
$12,486,619 |
$4,580,379
$736,711 |
$7,169,529 |
| 16 |
$13,110,929 |
$4,811,374
$773,545 |
$7,526,010 |
| 17 |
$13,766,245 |
$5,053,841
$812,208 |
$7,900,196 |
| 18 |
$14,454,662 |
$5,308,555
$852,825 |
$8,293,282 |
| 19 |
$15,177,437 |
$5,575,982
$895,469 |
$8,705,986 |
| 20 |
$15,936,246 |
$5,856,741
$940,239 |
$9,139,266 |
| 21 |
$16,733,184 |
$6,151,608
$987,258 |
$9,594,318 |
| 22 |
$17,569,927 |
$6,461,203
$1,036,626 |
$10,072,098 |
| 23 |
$18,448,151 |
$6,786,146
$1,088,441 |
$10,573,564 |
| 24 |
$19,370,789 |
$7,127,522
$1,142,877 |
$11,100,390 |
| 25 |
$20,339,098 |
$7,485,797
$1,200,007 |
$11,653,294 |
| 26 |
$21,356,430 |
$7,862,209
$1,260,029 |
$12,234,192 |
| 27 |
$22,424,042 |
$8,257,226
$1,323,018 |
$12,843,798 |
| 28 |
$23,545,286 |
$8,672,086
$1,389,172 |
$13,484,028 |
| 29 |
$24,722,676 |
$9,107,721
$1,458,638 |
$14,156,317 |
| 30 |
$25,958,726 |
$9,565,059
$1,531,565 |
$14,862,102 |
|
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