The jackpot for the Powerball draw on Wed Nov 12, 2025, is projected to be $512 Million, with an option for a cash payout of $239.1 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 Nov 12, 2025 |
|---|
| Draw Date | Wed Nov 12, 2025 | | Projected Jackpot | $512,000,000 | | Cash Value | $239,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $239,100,000 | | Federal Tax(24%) | $57,384,000 | | Additional Federal Tax | $31,043,330 | | State Tax(5.9%) | $14,106,900 | | Net Lumpsum Payment | $136,565,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,706,112 |
$2,811,592
$454,661 |
$4,439,859 |
| 2 |
$8,091,648 |
$2,954,240
$477,407 |
$4,660,001 |
| 3 |
$8,496,128 |
$3,103,898
$501,272 |
$4,890,958 |
| 4 |
$8,921,088 |
$3,261,133
$526,344 |
$5,133,611 |
| 5 |
$9,367,040 |
$3,426,135
$552,655 |
$5,388,250 |
| 6 |
$9,835,520 |
$3,599,473
$580,296 |
$5,655,751 |
| 7 |
$10,327,040 |
$3,781,335
$609,295 |
$5,936,410 |
| 8 |
$10,843,648 |
$3,972,480
$639,775 |
$6,231,393 |
| 9 |
$11,385,856 |
$4,173,097
$671,766 |
$6,540,993 |
| 10 |
$11,955,200 |
$4,383,754
$705,357 |
$6,866,089 |
| 11 |
$12,552,704 |
$4,604,831
$740,610 |
$7,207,263 |
| 12 |
$13,180,416 |
$4,837,084
$777,645 |
$7,565,687 |
| 13 |
$13,839,360 |
$5,080,894
$816,522 |
$7,941,944 |
| 14 |
$14,531,584 |
$5,337,016
$857,363 |
$8,337,205 |
| 15 |
$15,258,112 |
$5,605,832
$900,229 |
$8,752,051 |
| 16 |
$16,020,992 |
$5,888,097
$945,239 |
$9,187,656 |
| 17 |
$16,821,760 |
$6,184,382
$992,484 |
$9,644,894 |
| 18 |
$17,662,976 |
$6,495,632
$1,042,116 |
$10,125,228 |
| 19 |
$18,546,176 |
$6,822,416
$1,094,224 |
$10,629,536 |
| 20 |
$19,473,408 |
$7,165,491
$1,148,931 |
$11,158,986 |
| 21 |
$20,447,232 |
$7,525,806
$1,206,387 |
$11,715,039 |
| 22 |
$21,469,696 |
$7,904,118
$1,266,712 |
$12,298,866 |
| 23 |
$22,542,848 |
$8,301,184
$1,330,028 |
$12,911,636 |
| 24 |
$23,670,272 |
$8,718,331
$1,396,546 |
$13,555,395 |
| 25 |
$24,853,504 |
$9,156,127
$1,466,357 |
$14,231,020 |
| 26 |
$26,096,640 |
$9,616,087
$1,539,702 |
$14,940,851 |
| 27 |
$27,401,216 |
$10,098,780
$1,616,672 |
$15,685,764 |
| 28 |
$28,771,328 |
$10,605,722
$1,697,508 |
$16,468,098 |
| 29 |
$30,210,048 |
$11,138,048
$1,782,393 |
$17,289,607 |
| 30 |
$31,720,448 |
$11,696,896
$1,871,506 |
$18,152,046 |
|
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