The jackpot for the Powerball draw on Wed Sep 2, 2026, is projected to be $146 Million, with an option for a cash payout of $63.3 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 Wed Sep 2, 2026 |
|---|
| Draw Date | Wed Sep 2, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(5.9%) | $3,734,700 | | Net Lumpsum Payment | $36,183,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$129,649 |
$1,294,412 |
| 2 |
$2,307,384 |
$814,062
$136,136 |
$1,357,186 |
| 3 |
$2,422,724 |
$856,738
$142,941 |
$1,423,045 |
| 4 |
$2,543,904 |
$901,575
$150,090 |
$1,492,239 |
| 5 |
$2,671,070 |
$948,626
$157,593 |
$1,564,851 |
| 6 |
$2,804,660 |
$998,055
$165,475 |
$1,641,130 |
| 7 |
$2,944,820 |
$1,049,914
$173,744 |
$1,721,162 |
| 8 |
$3,092,134 |
$1,104,420
$182,436 |
$1,805,278 |
| 9 |
$3,246,748 |
$1,161,627
$191,558 |
$1,893,563 |
| 10 |
$3,409,100 |
$1,221,697
$201,137 |
$1,986,266 |
| 11 |
$3,579,482 |
$1,284,739
$211,189 |
$2,083,554 |
| 12 |
$3,758,478 |
$1,350,967
$221,750 |
$2,185,761 |
| 13 |
$3,946,380 |
$1,420,491
$232,836 |
$2,293,053 |
| 14 |
$4,143,772 |
$1,493,526
$244,483 |
$2,405,763 |
| 15 |
$4,350,946 |
$1,570,180
$256,706 |
$2,524,060 |
| 16 |
$4,568,486 |
$1,650,670
$269,541 |
$2,648,275 |
| 17 |
$4,796,830 |
$1,735,157
$283,013 |
$2,778,660 |
| 18 |
$5,036,708 |
$1,823,912
$297,166 |
$2,915,630 |
| 19 |
$5,288,558 |
$1,917,097
$312,025 |
$3,059,436 |
| 20 |
$5,552,964 |
$2,014,927
$327,625 |
$3,210,412 |
| 21 |
$5,830,656 |
$2,117,673
$344,009 |
$3,368,974 |
| 22 |
$6,122,218 |
$2,225,551
$361,211 |
$3,535,456 |
| 23 |
$6,428,234 |
$2,338,777
$379,266 |
$3,710,191 |
| 24 |
$6,749,726 |
$2,457,729
$398,234 |
$3,893,763 |
| 25 |
$7,087,132 |
$2,582,569
$418,141 |
$4,086,422 |
| 26 |
$7,441,620 |
$2,713,730
$439,056 |
$4,288,834 |
| 27 |
$7,813,628 |
$2,851,373
$461,004 |
$4,501,251 |
| 28 |
$8,204,324 |
$2,995,930
$484,055 |
$4,724,339 |
| 29 |
$8,614,584 |
$3,147,726
$508,260 |
$4,958,598 |
| 30 |
$9,045,284 |
$3,307,085
$533,672 |
$5,204,527 |
|
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