The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(5.9%) | $11,593,500 | | Net Lumpsum Payment | $112,241,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$375,628 |
$3,674,983 |
| 2 |
$6,685,092 |
$2,433,814
$394,420 |
$3,856,858 |
| 3 |
$7,019,262 |
$2,557,457
$414,136 |
$4,047,669 |
| 4 |
$7,370,352 |
$2,687,361
$434,851 |
$4,248,140 |
| 5 |
$7,738,785 |
$2,823,681
$456,588 |
$4,458,516 |
| 6 |
$8,125,830 |
$2,966,887
$479,424 |
$4,679,519 |
| 7 |
$8,531,910 |
$3,117,137
$503,383 |
$4,911,390 |
| 8 |
$8,958,717 |
$3,275,056
$528,564 |
$5,155,097 |
| 9 |
$9,406,674 |
$3,440,800
$554,994 |
$5,410,880 |
| 10 |
$9,877,050 |
$3,614,839
$582,746 |
$5,679,465 |
| 11 |
$10,370,691 |
$3,797,486
$611,871 |
$5,961,334 |
| 12 |
$10,889,289 |
$3,989,367
$642,468 |
$6,257,454 |
| 13 |
$11,433,690 |
$4,190,796
$674,588 |
$6,568,306 |
| 14 |
$12,005,586 |
$4,402,397
$708,330 |
$6,894,859 |
| 15 |
$12,605,823 |
$4,624,485
$743,744 |
$7,237,594 |
| 16 |
$13,236,093 |
$4,857,685
$780,929 |
$7,597,479 |
| 17 |
$13,897,665 |
$5,102,466
$819,962 |
$7,975,237 |
| 18 |
$14,592,654 |
$5,359,612
$860,967 |
$8,372,075 |
| 19 |
$15,322,329 |
$5,629,592
$904,017 |
$8,788,720 |
| 20 |
$16,088,382 |
$5,913,032
$949,215 |
$9,226,135 |
| 21 |
$16,892,928 |
$6,210,714
$996,683 |
$9,685,531 |
| 22 |
$17,737,659 |
$6,523,264
$1,046,522 |
$10,167,873 |
| 23 |
$18,624,267 |
$6,851,309
$1,098,832 |
$10,674,126 |
| 24 |
$19,555,713 |
$7,195,944
$1,153,787 |
$11,205,982 |
| 25 |
$20,533,266 |
$7,557,639
$1,211,463 |
$11,764,164 |
| 26 |
$21,560,310 |
$7,937,645
$1,272,058 |
$12,350,607 |
| 27 |
$22,638,114 |
$8,336,433
$1,335,649 |
$12,966,032 |
| 28 |
$23,770,062 |
$8,755,253
$1,402,434 |
$13,612,375 |
| 29 |
$24,958,692 |
$9,195,046
$1,472,563 |
$14,291,083 |
| 30 |
$26,206,542 |
$9,656,751
$1,546,186 |
$15,003,605 |
|
|
