The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Mon Oct 13, 2025 |
|---|
| Draw Date | Mon Oct 13, 2025 | | Projected Jackpot | $258,000,000 | | Cash Value | $120,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,800,000 | | Federal Tax(24%) | $28,992,000 | | Additional Federal Tax | $15,664,330 | | State Tax(5.9%) | $7,127,200 | | Net Lumpsum Payment | $69,016,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$229,106 |
$2,256,953 |
| 2 |
$4,077,432 |
$1,468,980
$240,568 |
$2,367,884 |
| 3 |
$4,281,252 |
$1,544,394
$252,594 |
$2,484,264 |
| 4 |
$4,495,392 |
$1,623,625
$265,228 |
$2,606,539 |
| 5 |
$4,720,110 |
$1,706,771
$278,486 |
$2,734,853 |
| 6 |
$4,956,180 |
$1,794,117
$292,415 |
$2,869,648 |
| 7 |
$5,203,860 |
$1,885,759
$307,028 |
$3,011,073 |
| 8 |
$5,464,182 |
$1,982,078
$322,387 |
$3,159,717 |
| 9 |
$5,737,404 |
$2,083,170
$338,507 |
$3,315,727 |
| 10 |
$6,024,300 |
$2,189,321
$355,434 |
$3,479,545 |
| 11 |
$6,325,386 |
$2,300,723
$373,198 |
$3,651,465 |
| 12 |
$6,641,694 |
$2,417,757
$391,860 |
$3,832,077 |
| 13 |
$6,973,740 |
$2,540,614
$411,451 |
$4,021,675 |
| 14 |
$7,322,556 |
$2,669,676
$432,031 |
$4,220,849 |
| 15 |
$7,688,658 |
$2,805,134
$453,631 |
$4,429,893 |
| 16 |
$8,073,078 |
$2,947,369
$476,312 |
$4,649,397 |
| 17 |
$8,476,590 |
$3,096,669
$500,119 |
$4,879,802 |
| 18 |
$8,900,484 |
$3,253,509
$525,129 |
$5,121,846 |
| 19 |
$9,345,534 |
$3,418,178
$551,387 |
$5,375,969 |
| 20 |
$9,812,772 |
$3,591,056
$578,954 |
$5,642,762 |
| 21 |
$10,303,488 |
$3,772,621
$607,906 |
$5,922,961 |
| 22 |
$10,818,714 |
$3,963,255
$638,304 |
$6,217,155 |
| 23 |
$11,359,482 |
$4,163,339
$670,209 |
$6,525,934 |
| 24 |
$11,927,598 |
$4,373,542
$703,728 |
$6,850,328 |
| 25 |
$12,523,836 |
$4,594,150
$738,906 |
$7,190,780 |
| 26 |
$13,150,260 |
$4,825,927
$775,865 |
$7,548,468 |
| 27 |
$13,807,644 |
$5,069,159
$814,651 |
$7,923,834 |
| 28 |
$14,498,052 |
$5,324,610
$855,385 |
$8,318,057 |
| 29 |
$15,223,032 |
$5,592,852
$898,159 |
$8,732,021 |
| 30 |
$15,984,132 |
$5,874,459
$943,064 |
$9,166,609 |
|
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