The jackpot for the Powerball draw on Sat Nov 8, 2025, is projected to be $467 Million, with an option for a cash payout of $220.7 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 Nov 8, 2025 |
|---|
| Draw Date | Sat Nov 8, 2025 | | Projected Jackpot | $467,000,000 | | Cash Value | $220,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,700,000 | | Federal Tax(24%) | $52,968,000 | | Additional Federal Tax | $28,651,330 | | State Tax(5.9%) | $13,021,300 | | Net Lumpsum Payment | $126,059,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$414,700 |
$4,053,124 |
| 2 |
$7,380,468 |
$2,691,104
$435,448 |
$4,253,916 |
| 3 |
$7,749,398 |
$2,827,608
$457,214 |
$4,464,576 |
| 4 |
$8,137,008 |
$2,971,023
$480,083 |
$4,685,902 |
| 5 |
$8,543,765 |
$3,121,523
$504,082 |
$4,918,160 |
| 6 |
$8,971,070 |
$3,279,626
$529,293 |
$5,162,151 |
| 7 |
$9,419,390 |
$3,445,505
$555,744 |
$5,418,141 |
| 8 |
$9,890,593 |
$3,619,850
$583,545 |
$5,687,198 |
| 9 |
$10,385,146 |
$3,802,834
$612,724 |
$5,969,588 |
| 10 |
$10,904,450 |
$3,994,977
$643,363 |
$6,266,110 |
| 11 |
$11,449,439 |
$4,196,623
$675,517 |
$6,577,299 |
| 12 |
$12,021,981 |
$4,408,463
$709,297 |
$6,904,221 |
| 13 |
$12,623,010 |
$4,630,844
$744,758 |
$7,247,408 |
| 14 |
$13,254,394 |
$4,864,456
$782,009 |
$7,607,929 |
| 15 |
$13,917,067 |
$5,109,645
$821,107 |
$7,986,315 |
| 16 |
$14,612,897 |
$5,367,102
$862,161 |
$8,383,634 |
| 17 |
$15,343,285 |
$5,637,346
$905,254 |
$8,800,685 |
| 18 |
$16,110,566 |
$5,921,240
$950,523 |
$9,238,803 |
| 19 |
$16,916,141 |
$6,219,303
$998,052 |
$9,698,786 |
| 20 |
$17,761,878 |
$6,532,225
$1,047,951 |
$10,181,702 |
| 21 |
$18,650,112 |
$6,860,872
$1,100,357 |
$10,688,883 |
| 22 |
$19,582,711 |
$7,205,933
$1,155,380 |
$11,221,398 |
| 23 |
$20,561,543 |
$7,568,101
$1,213,131 |
$11,780,311 |
| 24 |
$21,589,877 |
$7,948,585
$1,273,803 |
$12,367,489 |
| 25 |
$22,669,114 |
$8,347,903
$1,337,478 |
$12,983,733 |
| 26 |
$23,802,990 |
$8,767,437
$1,404,376 |
$13,631,177 |
| 27 |
$24,992,906 |
$9,207,706
$1,474,581 |
$14,310,619 |
| 28 |
$26,242,598 |
$9,670,092
$1,548,313 |
$15,024,193 |
| 29 |
$27,554,868 |
$10,155,632
$1,625,737 |
$15,773,499 |
| 30 |
$28,932,518 |
$10,665,362
$1,707,019 |
$16,560,137 |
|
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