The jackpot for the MEGA Millions draw on Fri Oct 10, 2025, is projected to be $575 Million, with an option for a cash payout of $264.6 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 Oct 10, 2025 |
|---|
| Draw Date | Fri Oct 10, 2025 | | Projected Jackpot | $575,000,000 | | Cash Value | $264,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $264,600,000 | | Federal Tax(24%) | $63,504,000 | | Additional Federal Tax | $34,358,330 | | State Tax(5.9%) | $15,611,400 | | Net Lumpsum Payment | $151,126,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,654,325 |
$3,162,431
$510,605 |
$4,981,289 |
| 2 |
$9,087,300 |
$3,322,631
$536,151 |
$5,228,518 |
| 3 |
$9,541,550 |
$3,490,704
$562,951 |
$5,487,895 |
| 4 |
$10,018,800 |
$3,667,286
$591,109 |
$5,760,405 |
| 5 |
$10,519,625 |
$3,852,592
$620,658 |
$6,046,375 |
| 6 |
$11,045,750 |
$4,047,258
$651,699 |
$6,346,793 |
| 7 |
$11,597,750 |
$4,251,498
$684,267 |
$6,661,985 |
| 8 |
$12,177,925 |
$4,466,163
$718,498 |
$6,993,264 |
| 9 |
$12,786,850 |
$4,691,465
$754,424 |
$7,340,961 |
| 10 |
$13,426,250 |
$4,928,043
$792,149 |
$7,706,058 |
| 11 |
$14,097,275 |
$5,176,322
$831,739 |
$8,089,214 |
| 12 |
$14,802,225 |
$5,437,154
$873,331 |
$8,491,740 |
| 13 |
$15,542,250 |
$5,710,963
$916,993 |
$8,914,294 |
| 14 |
$16,319,650 |
$5,998,601
$962,859 |
$9,358,190 |
| 15 |
$17,135,575 |
$6,300,493
$1,010,999 |
$9,824,083 |
| 16 |
$17,992,325 |
$6,617,491
$1,061,547 |
$10,313,287 |
| 17 |
$18,891,625 |
$6,950,232
$1,114,606 |
$10,826,787 |
| 18 |
$19,836,350 |
$7,299,780
$1,170,345 |
$11,366,225 |
| 19 |
$20,828,225 |
$7,666,774
$1,228,865 |
$11,932,586 |
| 20 |
$21,869,550 |
$8,052,064
$1,290,303 |
$12,527,183 |
| 21 |
$22,963,200 |
$8,456,714
$1,354,829 |
$13,151,657 |
| 22 |
$24,111,475 |
$8,881,576
$1,422,577 |
$13,807,322 |
| 23 |
$25,316,675 |
$9,327,500
$1,493,684 |
$14,495,491 |
| 24 |
$26,582,825 |
$9,795,976
$1,568,387 |
$15,218,462 |
| 25 |
$27,911,650 |
$10,287,641
$1,646,787 |
$15,977,222 |
| 26 |
$29,307,750 |
$10,804,198
$1,729,157 |
$16,774,395 |
| 27 |
$30,772,850 |
$11,346,285
$1,815,598 |
$17,610,967 |
| 28 |
$32,311,550 |
$11,915,604
$1,906,381 |
$18,489,565 |
| 29 |
$33,927,300 |
$12,513,431
$2,001,711 |
$19,412,158 |
| 30 |
$35,623,550 |
$13,141,044
$2,101,789 |
$20,380,717 |
|
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