Jackpot Analysis New Mexico Mega Millions

Jackpot Analysis for New Mexico Mega Millions
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 DateFri 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