The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(5.9%) | $12,584,700 | | Net Lumpsum Payment | $121,833,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$448,445 |
$4,379,700 |
| 2 |
$7,981,020 |
$2,913,308
$470,880 |
$4,596,832 |
| 3 |
$8,379,970 |
$3,060,919
$494,418 |
$4,824,633 |
| 4 |
$8,799,120 |
$3,216,005
$519,148 |
$5,063,967 |
| 5 |
$9,238,975 |
$3,378,751
$545,100 |
$5,315,124 |
| 6 |
$9,701,050 |
$3,549,719
$572,362 |
$5,578,969 |
| 7 |
$10,185,850 |
$3,729,095
$600,965 |
$5,855,790 |
| 8 |
$10,695,395 |
$3,917,627
$631,028 |
$6,146,740 |
| 9 |
$11,230,190 |
$4,115,501
$662,581 |
$6,452,108 |
| 10 |
$11,791,750 |
$4,323,278
$695,713 |
$6,772,759 |
| 11 |
$12,381,085 |
$4,541,332
$730,484 |
$7,109,269 |
| 12 |
$13,000,215 |
$4,770,410
$767,013 |
$7,462,792 |
| 13 |
$13,650,150 |
$5,010,886
$805,359 |
$7,833,905 |
| 14 |
$14,332,910 |
$5,263,507
$845,642 |
$8,223,761 |
| 15 |
$15,049,505 |
$5,528,647
$887,921 |
$8,632,937 |
| 16 |
$15,801,955 |
$5,807,054
$932,315 |
$9,062,586 |
| 17 |
$16,591,775 |
$6,099,287
$978,915 |
$9,513,573 |
| 18 |
$17,421,490 |
$6,406,282
$1,027,868 |
$9,987,340 |
| 19 |
$18,292,615 |
$6,728,598
$1,079,264 |
$10,484,753 |
| 20 |
$19,207,170 |
$7,066,983
$1,133,223 |
$11,006,964 |
| 21 |
$20,167,680 |
$7,422,372
$1,189,893 |
$11,555,415 |
| 22 |
$21,176,165 |
$7,795,511
$1,249,394 |
$12,131,260 |
| 23 |
$22,234,645 |
$8,187,149
$1,311,844 |
$12,735,652 |
| 24 |
$23,346,655 |
$8,598,593
$1,377,453 |
$13,370,609 |
| 25 |
$24,513,710 |
$9,030,403
$1,446,309 |
$14,036,998 |
| 26 |
$25,739,850 |
$9,484,075
$1,518,651 |
$14,737,124 |
| 27 |
$27,026,590 |
$9,960,169
$1,594,569 |
$15,471,852 |
| 28 |
$28,377,970 |
$10,460,179
$1,674,300 |
$16,243,491 |
| 29 |
$29,797,020 |
$10,985,228
$1,758,024 |
$17,053,768 |
| 30 |
$31,286,770 |
$11,536,435
$1,845,919 |
$17,904,416 |
|
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