The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(5.9%) | $13,629,000 | | Net Lumpsum Payment | $131,940,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$453,773 |
$4,431,265 |
| 2 |
$8,075,844 |
$2,948,393
$476,475 |
$4,650,976 |
| 3 |
$8,479,534 |
$3,097,758
$500,293 |
$4,881,483 |
| 4 |
$8,903,664 |
$3,254,686
$525,316 |
$5,123,662 |
| 5 |
$9,348,745 |
$3,419,366
$551,576 |
$5,377,803 |
| 6 |
$9,816,310 |
$3,592,365
$579,162 |
$5,644,783 |
| 7 |
$10,306,870 |
$3,773,872
$608,105 |
$5,924,893 |
| 8 |
$10,822,469 |
$3,964,644
$638,526 |
$6,219,299 |
| 9 |
$11,363,618 |
$4,164,869
$670,453 |
$6,528,296 |
| 10 |
$11,931,850 |
$4,375,115
$703,979 |
$6,852,756 |
| 11 |
$12,528,187 |
$4,595,760
$739,163 |
$7,193,264 |
| 12 |
$13,154,673 |
$4,827,559
$776,126 |
$7,550,988 |
| 13 |
$13,812,330 |
$5,070,892
$814,927 |
$7,926,511 |
| 14 |
$14,503,202 |
$5,326,515
$855,689 |
$8,320,998 |
| 15 |
$15,228,311 |
$5,594,805
$898,470 |
$8,735,036 |
| 16 |
$15,989,701 |
$5,876,520
$943,392 |
$9,169,789 |
| 17 |
$16,788,905 |
$6,172,225
$990,545 |
$9,626,135 |
| 18 |
$17,628,478 |
$6,482,867
$1,040,080 |
$10,105,531 |
| 19 |
$18,509,953 |
$6,809,013
$1,092,087 |
$10,608,853 |
| 20 |
$19,435,374 |
$7,151,419
$1,146,687 |
$11,137,268 |
| 21 |
$20,407,296 |
$7,511,030
$1,204,030 |
$11,692,236 |
| 22 |
$21,427,763 |
$7,888,603
$1,264,238 |
$12,274,922 |
| 23 |
$22,498,819 |
$8,284,893
$1,327,430 |
$12,886,496 |
| 24 |
$23,624,041 |
$8,701,226
$1,393,818 |
$13,528,997 |
| 25 |
$24,804,962 |
$9,138,166
$1,463,493 |
$14,203,303 |
| 26 |
$26,045,670 |
$9,597,228
$1,536,695 |
$14,911,747 |
| 27 |
$27,347,698 |
$10,078,979
$1,613,514 |
$15,655,205 |
| 28 |
$28,715,134 |
$10,584,930
$1,694,193 |
$16,436,011 |
| 29 |
$30,151,044 |
$11,116,217
$1,778,912 |
$17,255,915 |
| 30 |
$31,658,494 |
$11,673,973
$1,867,851 |
$18,116,670 |
|
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