The jackpot for the MEGA Millions draw on Tue Sep 22, 2026, is projected to be $261 Million, with an option for a cash payout of $110.5 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 Tue Sep 22, 2026 |
|---|
| Draw Date | Tue Sep 22, 2026 | | Projected Jackpot | $261,000,000 | | Cash Value | $110,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,500,000 | | Federal Tax(24%) | $26,520,000 | | Additional Federal Tax | $14,325,330 | | State Tax(5.9%) | $6,519,500 | | Net Lumpsum Payment | $63,135,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$231,770 |
$2,282,736 |
| 2 |
$4,124,844 |
$1,486,523
$243,366 |
$2,394,955 |
| 3 |
$4,331,034 |
$1,562,813
$255,531 |
$2,512,690 |
| 4 |
$4,547,664 |
$1,642,966
$268,312 |
$2,636,386 |
| 5 |
$4,774,995 |
$1,727,079
$281,725 |
$2,766,191 |
| 6 |
$5,013,810 |
$1,815,440
$295,815 |
$2,902,555 |
| 7 |
$5,264,370 |
$1,908,147
$310,598 |
$3,045,625 |
| 8 |
$5,527,719 |
$2,005,586
$326,135 |
$3,195,998 |
| 9 |
$5,804,118 |
$2,107,854
$342,443 |
$3,353,821 |
| 10 |
$6,094,350 |
$2,215,240
$359,567 |
$3,519,543 |
| 11 |
$6,398,937 |
$2,327,937
$377,537 |
$3,693,463 |
| 12 |
$6,718,923 |
$2,446,332
$396,416 |
$3,876,175 |
| 13 |
$7,054,830 |
$2,570,617
$416,235 |
$4,067,978 |
| 14 |
$7,407,702 |
$2,701,180
$437,054 |
$4,269,468 |
| 15 |
$7,778,061 |
$2,838,213
$458,906 |
$4,480,942 |
| 16 |
$8,166,951 |
$2,982,102
$481,850 |
$4,702,999 |
| 17 |
$8,575,155 |
$3,133,138
$505,934 |
$4,936,083 |
| 18 |
$9,003,978 |
$3,291,802
$531,235 |
$5,180,941 |
| 19 |
$9,454,203 |
$3,458,385
$557,798 |
$5,438,020 |
| 20 |
$9,926,874 |
$3,633,274
$585,686 |
$5,707,914 |
| 21 |
$10,423,296 |
$3,816,950
$614,974 |
$5,991,372 |
| 22 |
$10,944,513 |
$4,009,800
$645,726 |
$6,288,987 |
| 23 |
$11,491,569 |
$4,212,211
$678,003 |
$6,601,355 |
| 24 |
$12,066,291 |
$4,424,858
$711,911 |
$6,929,522 |
| 25 |
$12,669,462 |
$4,648,031
$747,498 |
$7,273,933 |
| 26 |
$13,303,170 |
$4,882,503
$784,887 |
$7,635,780 |
| 27 |
$13,968,198 |
$5,128,564
$824,124 |
$8,015,510 |
| 28 |
$14,666,634 |
$5,386,985
$865,331 |
$8,414,318 |
| 29 |
$15,400,044 |
$5,658,347
$908,603 |
$8,833,094 |
| 30 |
$16,169,994 |
$5,943,228
$954,030 |
$9,272,736 |
|
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