The jackpot for the MEGA Millions draw on Tue Oct 13, 2026, is projected to be $385 Million, with an option for a cash payout of $154.8 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 Oct 13, 2026 |
|---|
| Draw Date | Tue Oct 13, 2026 | | Projected Jackpot | $385,000,000 | | Cash Value | $154,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $154,800,000 | | Federal Tax(24%) | $37,152,000 | | Additional Federal Tax | $20,084,330 | | State Tax(5.9%) | $9,133,200 | | Net Lumpsum Payment | $88,430,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,794,635 |
$2,104,345
$341,883 |
$3,348,407 |
| 2 |
$6,084,540 |
$2,211,610
$358,988 |
$3,513,942 |
| 3 |
$6,388,690 |
$2,324,146
$376,933 |
$3,687,611 |
| 4 |
$6,708,240 |
$2,442,379
$395,786 |
$3,870,075 |
| 5 |
$7,043,575 |
$2,566,453
$415,571 |
$4,061,551 |
| 6 |
$7,395,850 |
$2,696,795
$436,355 |
$4,262,700 |
| 7 |
$7,765,450 |
$2,833,547
$458,162 |
$4,473,741 |
| 8 |
$8,153,915 |
$2,977,279
$481,081 |
$4,695,555 |
| 9 |
$8,561,630 |
$3,128,133
$505,136 |
$4,928,361 |
| 10 |
$8,989,750 |
$3,286,538
$530,395 |
$5,172,817 |
| 11 |
$9,439,045 |
$3,452,777
$556,904 |
$5,429,364 |
| 12 |
$9,911,055 |
$3,627,421
$584,752 |
$5,698,882 |
| 13 |
$10,406,550 |
$3,810,754
$613,986 |
$5,981,810 |
| 14 |
$10,927,070 |
$4,003,346
$644,697 |
$6,279,027 |
| 15 |
$11,473,385 |
$4,205,483
$676,930 |
$6,590,972 |
| 16 |
$12,047,035 |
$4,417,733
$710,775 |
$6,918,527 |
| 17 |
$12,649,175 |
$4,640,525
$746,301 |
$7,262,349 |
| 18 |
$13,281,730 |
$4,874,570
$783,622 |
$7,623,538 |
| 19 |
$13,945,855 |
$5,120,297
$822,805 |
$8,002,753 |
| 20 |
$14,643,090 |
$5,378,274
$863,942 |
$8,400,874 |
| 21 |
$15,375,360 |
$5,649,214
$907,146 |
$8,819,000 |
| 22 |
$16,144,205 |
$5,933,686
$952,508 |
$9,258,011 |
| 23 |
$16,951,165 |
$6,232,261
$1,000,119 |
$9,718,785 |
| 24 |
$17,798,935 |
$6,545,936
$1,050,137 |
$10,202,862 |
| 25 |
$18,688,670 |
$6,875,138
$1,102,632 |
$10,710,900 |
| 26 |
$19,623,450 |
$7,221,007
$1,157,784 |
$11,244,659 |
| 27 |
$20,604,430 |
$7,583,969
$1,215,661 |
$11,804,800 |
| 28 |
$21,634,690 |
$7,965,166
$1,276,447 |
$12,393,077 |
| 29 |
$22,716,540 |
$8,365,450
$1,340,276 |
$13,010,814 |
| 30 |
$23,852,290 |
$8,785,678
$1,407,285 |
$13,659,327 |
|
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