The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(5.9%) | $7,882,400 | | Net Lumpsum Payment | $76,325,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$277,947 |
$2,729,629 |
| 2 |
$4,946,652 |
$1,790,592
$291,852 |
$2,864,208 |
| 3 |
$5,193,922 |
$1,882,082
$306,441 |
$3,005,399 |
| 4 |
$5,453,712 |
$1,978,204
$321,769 |
$3,153,739 |
| 5 |
$5,726,335 |
$2,079,074
$337,854 |
$3,309,407 |
| 6 |
$6,012,730 |
$2,185,040
$354,751 |
$3,472,939 |
| 7 |
$6,313,210 |
$2,296,218
$372,479 |
$3,644,513 |
| 8 |
$6,629,027 |
$2,413,070
$391,113 |
$3,824,844 |
| 9 |
$6,960,494 |
$2,535,713
$410,669 |
$4,014,112 |
| 10 |
$7,308,550 |
$2,664,494
$431,204 |
$4,212,852 |
| 11 |
$7,673,821 |
$2,799,644
$452,755 |
$4,421,422 |
| 12 |
$8,057,559 |
$2,941,627
$475,396 |
$4,640,536 |
| 13 |
$8,460,390 |
$3,090,675
$499,163 |
$4,870,552 |
| 14 |
$8,883,566 |
$3,247,250
$524,130 |
$5,112,186 |
| 15 |
$9,327,713 |
$3,411,584
$550,335 |
$5,365,794 |
| 16 |
$9,794,083 |
$3,584,141
$577,851 |
$5,632,091 |
| 17 |
$10,283,615 |
$3,765,268
$606,733 |
$5,911,614 |
| 18 |
$10,797,874 |
$3,955,544
$637,075 |
$6,205,255 |
| 19 |
$11,337,799 |
$4,155,316
$668,930 |
$6,513,553 |
| 20 |
$11,904,642 |
$4,365,048
$702,374 |
$6,837,220 |
| 21 |
$12,499,968 |
$4,585,319
$737,498 |
$7,177,151 |
| 22 |
$13,125,029 |
$4,816,591
$774,377 |
$7,534,061 |
| 23 |
$13,781,077 |
$5,059,329
$813,084 |
$7,908,664 |
| 24 |
$14,470,303 |
$5,314,342
$853,748 |
$8,302,213 |
| 25 |
$15,193,646 |
$5,581,979
$896,425 |
$8,715,242 |
| 26 |
$15,953,610 |
$5,863,166
$941,263 |
$9,149,181 |
| 27 |
$16,751,134 |
$6,158,250
$988,317 |
$9,604,567 |
| 28 |
$17,588,722 |
$6,468,158
$1,037,735 |
$10,082,829 |
| 29 |
$18,468,252 |
$6,793,584
$1,089,627 |
$10,585,041 |
| 30 |
$19,391,602 |
$7,135,223
$1,144,105 |
$11,112,274 |
|
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