Jackpot Analysis New Mexico Powerball

Jackpot Analysis for New Mexico Powerball
The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 Sat Jul 5, 2025
Draw DateSat Jul 5, 2025
Projected Jackpot$190,000,000
Cash Value$87,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$87,000,000
Federal Tax(24%)$20,880,000
Additional Federal Tax$11,270,330
State Tax(5.9%)$5,133,000
Net Lumpsum Payment$49,716,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,859,690 $1,018,416
$168,722
$1,672,552
2 $3,002,760 $1,071,352
$177,163
$1,754,245
3 $3,152,860 $1,126,889
$186,019
$1,839,952
4 $3,310,560 $1,185,238
$195,323
$1,929,999
5 $3,476,050 $1,246,469
$205,087
$2,024,494
6 $3,649,900 $1,310,793
$215,344
$2,123,763
7 $3,832,300 $1,378,281
$226,106
$2,227,913
8 $4,024,010 $1,449,214
$237,417
$2,337,379
9 $4,225,220 $1,523,662
$249,288
$2,452,270
10 $4,436,500 $1,601,835
$261,754
$2,572,911
11 $4,658,230 $1,683,875
$274,836
$2,699,519
12 $4,891,170 $1,770,063
$288,579
$2,832,528
13 $5,135,700 $1,860,539
$303,006
$2,972,155
14 $5,392,580 $1,955,585
$318,162
$3,118,833
15 $5,662,190 $2,055,341
$334,069
$3,272,780
16 $5,945,290 $2,160,088
$350,772
$3,434,430
17 $6,242,450 $2,270,037
$368,305
$3,604,108
18 $6,554,620 $2,385,540
$386,723
$3,782,357
19 $6,882,370 $2,506,807
$406,060
$3,969,503
20 $7,226,460 $2,634,121
$426,361
$4,165,978
21 $7,587,840 $2,767,831
$447,683
$4,372,326
22 $7,967,270 $2,908,220
$470,069
$4,588,981
23 $8,365,510 $3,055,569
$493,565
$4,816,376
24 $8,783,890 $3,210,370
$518,250
$5,055,270
25 $9,222,980 $3,372,833
$544,156
$5,305,991
26 $9,684,300 $3,543,521
$571,374
$5,569,405
27 $10,168,420 $3,722,646
$599,937
$5,845,837
28 $10,676,860 $3,910,769
$629,935
$6,136,156
29 $11,210,760 $4,108,312
$661,435
$6,441,013
30 $11,771,260 $4,315,697
$694,504
$6,761,059