Jackpot Analysis New Mexico Mega Millions

Jackpot Analysis for New Mexico Mega Millions
The jackpot for the MEGA Millions draw on Fri Jul 11, 2025, is projected to be $80 Million, with an option for a cash payout of $35.8 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Fri Jul 11, 2025
Draw DateFri Jul 11, 2025
Projected Jackpot$80,000,000
Cash Value$35,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$35,800,000
Federal Tax(24%)$8,592,000
Additional Federal Tax$4,614,330
State Tax(5.9%)$2,112,200
Net Lumpsum Payment$20,481,470
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,204,080 $405,840
$71,041
$727,199
2 $1,264,320 $428,129
$74,595
$761,596
3 $1,327,520 $451,513
$78,324
$797,683
4 $1,393,920 $476,081
$82,241
$835,598
5 $1,463,600 $501,862
$86,352
$875,386
6 $1,536,800 $528,946
$90,671
$917,183
7 $1,613,600 $557,362
$95,202
$961,036
8 $1,694,320 $587,229
$99,965
$1,007,126
9 $1,779,040 $618,575
$104,963
$1,055,502
10 $1,868,000 $651,490
$110,212
$1,106,298
11 $1,961,360 $686,034
$115,720
$1,159,606
12 $2,059,440 $722,323
$121,507
$1,215,610
13 $2,162,400 $760,418
$127,582
$1,274,400
14 $2,270,560 $800,438
$133,963
$1,336,159
15 $2,384,080 $842,440
$140,661
$1,400,979
16 $2,503,280 $886,544
$147,694
$1,469,042
17 $2,628,400 $932,838
$155,076
$1,540,486
18 $2,759,840 $981,471
$162,831
$1,615,538
19 $2,897,840 $1,032,531
$170,973
$1,694,336
20 $3,042,720 $1,086,137
$179,520
$1,777,063
21 $3,194,880 $1,142,436
$188,498
$1,863,946
22 $3,354,640 $1,201,547
$197,924
$1,955,169
23 $3,522,320 $1,263,589
$207,817
$2,050,914
24 $3,698,480 $1,328,768
$218,210
$2,151,502
25 $3,883,360 $1,397,174
$229,118
$2,257,068
26 $4,077,600 $1,469,042
$240,578
$2,367,980
27 $4,281,440 $1,544,463
$252,605
$2,484,372
28 $4,495,520 $1,623,673
$265,236
$2,606,611
29 $4,720,320 $1,706,849
$278,499
$2,734,972
30 $4,956,320 $1,794,169
$292,423
$2,869,728