The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 Sat Sep 20, 2025 |
|---|
| Draw Date | Sat Sep 20, 2025 | | Projected Jackpot | $99,000,000 | | Cash Value | $46,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,300,000 | | Federal Tax(24%) | $11,112,000 | | Additional Federal Tax | $5,979,330 | | State Tax(5.9%) | $2,731,700 | | Net Lumpsum Payment | $26,476,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,490,049 |
$511,649
$87,913 |
$890,487 |
| 2 |
$1,564,596 |
$539,231
$92,311 |
$933,054 |
| 3 |
$1,642,806 |
$568,169
$96,926 |
$977,711 |
| 4 |
$1,724,976 |
$598,572
$101,774 |
$1,024,630 |
| 5 |
$1,811,205 |
$630,476
$106,861 |
$1,073,868 |
| 6 |
$1,901,790 |
$663,993
$112,206 |
$1,125,591 |
| 7 |
$1,996,830 |
$699,157
$117,813 |
$1,179,860 |
| 8 |
$2,096,721 |
$736,117
$123,707 |
$1,236,897 |
| 9 |
$2,201,562 |
$774,908
$129,892 |
$1,296,762 |
| 10 |
$2,311,650 |
$815,641
$136,387 |
$1,359,622 |
| 11 |
$2,427,183 |
$858,388
$143,204 |
$1,425,591 |
| 12 |
$2,548,557 |
$903,296
$150,365 |
$1,494,896 |
| 13 |
$2,675,970 |
$950,439
$157,882 |
$1,567,649 |
| 14 |
$2,809,818 |
$999,963
$165,779 |
$1,644,076 |
| 15 |
$2,950,299 |
$1,051,941
$174,068 |
$1,724,290 |
| 16 |
$3,097,809 |
$1,106,520
$182,771 |
$1,808,518 |
| 17 |
$3,252,645 |
$1,163,809
$191,906 |
$1,896,930 |
| 18 |
$3,415,302 |
$1,223,992
$201,503 |
$1,989,807 |
| 19 |
$3,586,077 |
$1,287,179
$211,579 |
$2,087,319 |
| 20 |
$3,765,366 |
$1,353,516
$222,157 |
$2,189,693 |
| 21 |
$3,953,664 |
$1,423,186
$233,266 |
$2,297,212 |
| 22 |
$4,151,367 |
$1,496,336
$244,931 |
$2,410,100 |
| 23 |
$4,358,871 |
$1,573,113
$257,173 |
$2,528,585 |
| 24 |
$4,576,869 |
$1,653,772
$270,035 |
$2,653,062 |
| 25 |
$4,805,658 |
$1,738,424
$283,534 |
$2,783,700 |
| 26 |
$5,046,030 |
$1,827,361
$297,716 |
$2,920,953 |
| 27 |
$5,298,282 |
$1,920,695
$312,599 |
$3,064,988 |
| 28 |
$5,563,206 |
$2,018,717
$328,229 |
$3,216,260 |
| 29 |
$5,841,396 |
$2,121,647
$344,642 |
$3,375,107 |
| 30 |
$6,133,446 |
$2,229,705
$361,873 |
$3,541,868 |
|
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