The jackpot for the MEGA Millions draw on Tue Apr 14, 2026, is projected to be $120 Million, with an option for a cash payout of $53.5 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 Tue Apr 14, 2026 |
|---|
| Draw Date | Tue Apr 14, 2026 | | Projected Jackpot | $120,000,000 | | Cash Value | $53,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $53,500,000 | | Federal Tax(24%) | $12,840,000 | | Additional Federal Tax | $6,915,330 | | State Tax(5.9%) | $3,156,500 | | Net Lumpsum Payment | $30,588,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,806,120 |
$628,595
$106,561 |
$1,070,964 |
| 2 |
$1,896,480 |
$662,028
$111,892 |
$1,122,560 |
| 3 |
$1,991,280 |
$697,104
$117,486 |
$1,176,690 |
| 4 |
$2,090,880 |
$733,956
$123,362 |
$1,233,562 |
| 5 |
$2,195,400 |
$772,628
$129,529 |
$1,293,243 |
| 6 |
$2,305,200 |
$813,254
$136,007 |
$1,355,939 |
| 7 |
$2,420,400 |
$855,878
$142,804 |
$1,421,718 |
| 8 |
$2,541,480 |
$900,678
$149,947 |
$1,490,855 |
| 9 |
$2,668,560 |
$947,698
$157,445 |
$1,563,417 |
| 10 |
$2,802,000 |
$997,070
$165,318 |
$1,639,612 |
| 11 |
$2,942,040 |
$1,048,885
$173,580 |
$1,719,575 |
| 12 |
$3,089,160 |
$1,103,320
$182,260 |
$1,803,580 |
| 13 |
$3,243,600 |
$1,160,462
$191,372 |
$1,891,766 |
| 14 |
$3,405,840 |
$1,220,491
$200,945 |
$1,984,404 |
| 15 |
$3,576,120 |
$1,283,495
$210,991 |
$2,081,634 |
| 16 |
$3,754,920 |
$1,349,651
$221,540 |
$2,183,729 |
| 17 |
$3,942,600 |
$1,419,092
$232,613 |
$2,290,895 |
| 18 |
$4,139,760 |
$1,492,042
$244,246 |
$2,403,472 |
| 19 |
$4,346,760 |
$1,568,632
$256,459 |
$2,521,669 |
| 20 |
$4,564,080 |
$1,649,040
$269,281 |
$2,645,759 |
| 21 |
$4,792,320 |
$1,733,489
$282,747 |
$2,776,084 |
| 22 |
$5,031,960 |
$1,822,156
$296,886 |
$2,912,918 |
| 23 |
$5,283,480 |
$1,915,218
$311,725 |
$3,056,537 |
| 24 |
$5,547,720 |
$2,012,987
$327,315 |
$3,207,418 |
| 25 |
$5,825,040 |
$2,115,595
$343,677 |
$3,365,768 |
| 26 |
$6,116,400 |
$2,223,398
$360,868 |
$3,532,134 |
| 27 |
$6,422,160 |
$2,336,530
$378,907 |
$3,706,723 |
| 28 |
$6,743,280 |
$2,455,344
$397,854 |
$3,890,082 |
| 29 |
$7,080,480 |
$2,580,108
$417,748 |
$4,082,624 |
| 30 |
$7,434,480 |
$2,711,088
$438,634 |
$4,284,758 |
|
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