The jackpot for the MEGA Millions draw on Tue Dec 9, 2025, is projected to be $60 Million, with an option for a cash payout of $27.4 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 Dec 9, 2025 |
|---|
| Draw Date | Tue Dec 9, 2025 | | Projected Jackpot | $60,000,000 | | Cash Value | $27,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $27,400,000 | | Federal Tax(24%) | $6,576,000 | | Additional Federal Tax | $3,522,330 | | State Tax(5.9%) | $1,616,600 | | Net Lumpsum Payment | $15,685,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$903,060 |
$294,463
$53,281 |
$555,316 |
| 2 |
$948,240 |
$311,179
$55,946 |
$581,115 |
| 3 |
$995,640 |
$328,717
$58,743 |
$608,180 |
| 4 |
$1,045,440 |
$347,143
$61,681 |
$636,616 |
| 5 |
$1,097,700 |
$366,479
$64,764 |
$666,457 |
| 6 |
$1,152,600 |
$386,792
$68,003 |
$697,805 |
| 7 |
$1,210,200 |
$408,104
$71,402 |
$730,694 |
| 8 |
$1,270,740 |
$430,504
$74,974 |
$765,262 |
| 9 |
$1,334,280 |
$454,014
$78,723 |
$801,543 |
| 10 |
$1,401,000 |
$478,700
$82,659 |
$839,641 |
| 11 |
$1,471,020 |
$504,608
$86,790 |
$879,622 |
| 12 |
$1,544,580 |
$531,825
$91,130 |
$921,625 |
| 13 |
$1,621,800 |
$560,396
$95,686 |
$965,718 |
| 14 |
$1,702,920 |
$590,411
$100,472 |
$1,012,037 |
| 15 |
$1,788,060 |
$621,913
$105,496 |
$1,060,651 |
| 16 |
$1,877,460 |
$654,991
$110,770 |
$1,111,699 |
| 17 |
$1,971,300 |
$689,711
$116,307 |
$1,165,282 |
| 18 |
$2,069,880 |
$726,186
$122,123 |
$1,221,571 |
| 19 |
$2,173,380 |
$764,481
$128,229 |
$1,280,670 |
| 20 |
$2,282,040 |
$804,685
$134,640 |
$1,342,715 |
| 21 |
$2,396,160 |
$846,910
$141,373 |
$1,407,877 |
| 22 |
$2,515,980 |
$891,243
$148,443 |
$1,476,294 |
| 23 |
$2,641,740 |
$937,774
$155,863 |
$1,548,103 |
| 24 |
$2,773,860 |
$986,659
$163,658 |
$1,623,543 |
| 25 |
$2,912,520 |
$1,037,963
$171,839 |
$1,702,718 |
| 26 |
$3,058,200 |
$1,091,864
$180,434 |
$1,785,902 |
| 27 |
$3,211,080 |
$1,148,430
$189,454 |
$1,873,196 |
| 28 |
$3,371,640 |
$1,207,837
$198,927 |
$1,964,876 |
| 29 |
$3,540,240 |
$1,270,219
$208,874 |
$2,061,147 |
| 30 |
$3,717,240 |
$1,335,709
$219,317 |
$2,162,214 |
|
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