The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Fri Jun 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(5.9%) | $9,174,500 | | Net Lumpsum Payment | $88,830,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$309,027 |
$3,030,424 |
| 2 |
$5,499,792 |
$1,995,253
$324,488 |
$3,180,051 |
| 3 |
$5,774,712 |
$2,096,974
$340,708 |
$3,337,030 |
| 4 |
$6,063,552 |
$2,203,845
$357,750 |
$3,501,957 |
| 5 |
$6,366,660 |
$2,315,995
$375,633 |
$3,675,032 |
| 6 |
$6,685,080 |
$2,433,810
$394,420 |
$3,856,850 |
| 7 |
$7,019,160 |
$2,557,420
$414,130 |
$4,047,610 |
| 8 |
$7,370,292 |
$2,687,338
$434,847 |
$4,248,107 |
| 9 |
$7,738,824 |
$2,823,695
$456,591 |
$4,458,538 |
| 10 |
$8,125,800 |
$2,966,876
$479,422 |
$4,679,502 |
| 11 |
$8,531,916 |
$3,117,139
$503,383 |
$4,911,394 |
| 12 |
$8,958,564 |
$3,274,999
$528,555 |
$5,155,010 |
| 13 |
$9,406,440 |
$3,440,713
$554,980 |
$5,410,747 |
| 14 |
$9,876,936 |
$3,614,797
$582,739 |
$5,679,400 |
| 15 |
$10,370,748 |
$3,797,507
$611,874 |
$5,961,367 |
| 16 |
$10,889,268 |
$3,989,360
$642,467 |
$6,257,441 |
| 17 |
$11,433,540 |
$4,190,740
$674,579 |
$6,568,221 |
| 18 |
$12,005,304 |
$4,402,293
$708,313 |
$6,894,698 |
| 19 |
$12,605,604 |
$4,624,404
$743,731 |
$7,237,469 |
| 20 |
$13,235,832 |
$4,857,588
$780,914 |
$7,597,330 |
| 21 |
$13,897,728 |
$5,102,490
$819,966 |
$7,975,272 |
| 22 |
$14,592,684 |
$5,359,623
$860,968 |
$8,372,093 |
| 23 |
$15,322,092 |
$5,629,504
$904,003 |
$8,788,585 |
| 24 |
$16,088,388 |
$5,913,034
$949,215 |
$9,226,139 |
| 25 |
$16,892,616 |
$6,210,598
$996,664 |
$9,685,354 |
| 26 |
$17,737,560 |
$6,523,228
$1,046,516 |
$10,167,816 |
| 27 |
$18,624,264 |
$6,851,308
$1,098,832 |
$10,674,124 |
| 28 |
$19,555,512 |
$7,195,870
$1,153,775 |
$11,205,867 |
| 29 |
$20,533,392 |
$7,557,685
$1,211,470 |
$11,764,237 |
| 30 |
$21,559,992 |
$7,937,527
$1,272,040 |
$12,350,425 |
|
|
