The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Tue Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(5.9%) | $4,065,100 | | Net Lumpsum Payment | $39,381,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$142,081 |
$1,414,729 |
| 2 |
$2,528,640 |
$895,927
$149,190 |
$1,483,523 |
| 3 |
$2,655,040 |
$942,695
$156,647 |
$1,555,698 |
| 4 |
$2,787,840 |
$991,831
$164,483 |
$1,631,526 |
| 5 |
$2,927,200 |
$1,043,394
$172,705 |
$1,711,101 |
| 6 |
$3,073,600 |
$1,097,562
$181,342 |
$1,794,696 |
| 7 |
$3,227,200 |
$1,154,394
$190,405 |
$1,882,401 |
| 8 |
$3,388,640 |
$1,214,127
$199,930 |
$1,974,583 |
| 9 |
$3,558,080 |
$1,276,820
$209,927 |
$2,071,333 |
| 10 |
$3,736,000 |
$1,342,650
$220,424 |
$2,172,926 |
| 11 |
$3,922,720 |
$1,411,737
$231,440 |
$2,279,543 |
| 12 |
$4,118,880 |
$1,484,316
$243,014 |
$2,391,550 |
| 13 |
$4,324,800 |
$1,560,506
$255,163 |
$2,509,131 |
| 14 |
$4,541,120 |
$1,640,545
$267,926 |
$2,632,649 |
| 15 |
$4,768,160 |
$1,724,550
$281,321 |
$2,762,289 |
| 16 |
$5,006,560 |
$1,812,758
$295,387 |
$2,898,415 |
| 17 |
$5,256,800 |
$1,905,346
$310,151 |
$3,041,303 |
| 18 |
$5,519,680 |
$2,002,612
$325,661 |
$3,191,407 |
| 19 |
$5,795,680 |
$2,104,732
$341,945 |
$3,349,003 |
| 20 |
$6,085,440 |
$2,211,943
$359,041 |
$3,514,456 |
| 21 |
$6,389,760 |
$2,324,542
$376,996 |
$3,688,222 |
| 22 |
$6,709,280 |
$2,442,764
$395,848 |
$3,870,668 |
| 23 |
$7,044,640 |
$2,566,847
$415,634 |
$4,062,159 |
| 24 |
$7,396,960 |
$2,697,206
$436,421 |
$4,263,333 |
| 25 |
$7,766,720 |
$2,834,017
$458,236 |
$4,474,467 |
| 26 |
$8,155,200 |
$2,977,754
$481,157 |
$4,696,289 |
| 27 |
$8,562,880 |
$3,128,596
$505,210 |
$4,929,074 |
| 28 |
$8,991,040 |
$3,287,015
$530,471 |
$5,173,554 |
| 29 |
$9,440,640 |
$3,453,367
$556,998 |
$5,430,275 |
| 30 |
$9,912,640 |
$3,628,007
$584,846 |
$5,699,787 |
|
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