Jackpot Analysis New Mexico Powerball

Jackpot Analysis for New Mexico Powerball
The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Sat Aug 9, 2025
Draw DateSat Aug 9, 2025
Projected Jackpot$482,000,000
Cash Value$218,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$218,900,000
Federal Tax(24%)$52,536,000
Additional Federal Tax$28,417,330
State Tax(5.9%)$12,915,100
Net Lumpsum Payment$125,031,570
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $7,254,582 $2,644,526
$428,020
$4,182,036
2 $7,617,528 $2,778,816
$449,434
$4,389,278
3 $7,998,308 $2,919,704
$471,900
$4,606,704
4 $8,398,368 $3,067,727
$495,504
$4,835,137
5 $8,818,190 $3,223,061
$520,273
$5,074,856
6 $9,259,220 $3,386,242
$546,294
$5,326,684
7 $9,721,940 $3,557,448
$573,594
$5,590,898
8 $10,208,278 $3,737,393
$602,288
$5,868,597
9 $10,718,716 $3,926,255
$632,404
$6,160,057
10 $11,254,700 $4,124,569
$664,027
$6,466,104
11 $11,817,194 $4,332,692
$697,214
$6,787,288
12 $12,408,126 $4,551,337
$732,079
$7,124,710
13 $13,028,460 $4,780,861
$768,679
$7,478,920
14 $13,680,124 $5,021,976
$807,127
$7,851,021
15 $14,364,082 $5,275,041
$847,481
$8,241,560
16 $15,082,262 $5,540,767
$889,853
$8,651,642
17 $15,836,110 $5,819,691
$934,330
$9,082,089
18 $16,628,036 $6,112,704
$981,054
$9,534,278
19 $17,459,486 $6,420,340
$1,030,110
$10,009,036
20 $18,332,388 $6,743,314
$1,081,611
$10,507,463
21 $19,249,152 $7,082,517
$1,135,700
$11,030,935
22 $20,211,706 $7,438,662
$1,192,491
$11,580,553
23 $21,221,978 $7,812,462
$1,252,097
$12,157,419
24 $22,283,342 $8,205,167
$1,314,717
$12,763,458
25 $23,397,244 $8,617,311
$1,380,437
$13,399,496
26 $24,567,540 $9,050,320
$1,449,485
$14,067,735
27 $25,795,676 $9,504,731
$1,521,945
$14,769,000
28 $27,085,508 $9,981,968
$1,598,045
$15,505,495
29 $28,439,928 $10,483,104
$1,677,956
$16,278,868
30 $29,861,828 $11,009,207
$1,761,848
$17,090,773