The jackpot for the Powerball draw on Wed Sep 9, 2026, is projected to be $207 Million, with an option for a cash payout of $89.3 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Wed Sep 9, 2026 |
|---|
| Draw Date | Wed Sep 9, 2026 | | Projected Jackpot | $207,000,000 | | Cash Value | $89,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $89,300,000 | | Federal Tax(24%) | $21,432,000 | | Additional Federal Tax | $11,569,330 | | State Tax(5.9%) | $5,268,700 | | Net Lumpsum Payment | $51,029,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,115,557 |
$1,113,086
$183,818 |
$1,818,653 |
| 2 |
$3,271,428 |
$1,170,759
$193,014 |
$1,907,655 |
| 3 |
$3,434,958 |
$1,231,265
$202,663 |
$2,001,030 |
| 4 |
$3,606,768 |
$1,294,835
$212,799 |
$2,099,134 |
| 5 |
$3,787,065 |
$1,361,544
$223,437 |
$2,202,084 |
| 6 |
$3,976,470 |
$1,431,624
$234,612 |
$2,310,234 |
| 7 |
$4,175,190 |
$1,505,151
$246,336 |
$2,423,703 |
| 8 |
$4,384,053 |
$1,582,430
$258,659 |
$2,542,964 |
| 9 |
$4,603,266 |
$1,663,539
$271,593 |
$2,668,134 |
| 10 |
$4,833,450 |
$1,748,707
$285,174 |
$2,799,569 |
| 11 |
$5,075,019 |
$1,838,087
$299,426 |
$2,937,506 |
| 12 |
$5,328,801 |
$1,931,987
$314,399 |
$3,082,415 |
| 13 |
$5,595,210 |
$2,030,558
$330,117 |
$3,234,535 |
| 14 |
$5,875,074 |
$2,134,108
$346,629 |
$3,394,337 |
| 15 |
$6,168,807 |
$2,242,789
$363,960 |
$3,562,058 |
| 16 |
$6,477,237 |
$2,356,908
$382,157 |
$3,738,172 |
| 17 |
$6,800,985 |
$2,476,695
$401,258 |
$3,923,032 |
| 18 |
$7,141,086 |
$2,602,532
$421,324 |
$4,117,230 |
| 19 |
$7,498,161 |
$2,734,650
$442,391 |
$4,321,120 |
| 20 |
$7,873,038 |
$2,873,354
$464,509 |
$4,535,175 |
| 21 |
$8,266,752 |
$3,019,029
$487,738 |
$4,759,985 |
| 22 |
$8,680,131 |
$3,171,979
$512,128 |
$4,996,024 |
| 23 |
$9,114,003 |
$3,332,511
$537,726 |
$5,243,766 |
| 24 |
$9,569,817 |
$3,501,163
$564,619 |
$5,504,035 |
| 25 |
$10,048,194 |
$3,678,162
$592,843 |
$5,777,189 |
| 26 |
$10,550,790 |
$3,864,123
$622,497 |
$6,064,170 |
| 27 |
$11,078,226 |
$4,059,274
$653,615 |
$6,365,337 |
| 28 |
$11,632,158 |
$4,264,229
$686,297 |
$6,681,632 |
| 29 |
$12,213,828 |
$4,479,447
$720,616 |
$7,013,765 |
| 30 |
$12,824,478 |
$4,705,387
$756,644 |
$7,362,447 |
|
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