The jackpot for the MEGA Millions draw on Tue Sep 8, 2026, is projected to be $193 Million, with an option for a cash payout of $82.8 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 Tue Sep 8, 2026 |
|---|
| Draw Date | Tue Sep 8, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $82,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,800,000 | | Federal Tax(24%) | $19,872,000 | | Additional Federal Tax | $10,724,330 | | State Tax(5.9%) | $4,885,200 | | Net Lumpsum Payment | $47,318,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$171,386 |
$1,698,335 |
| 2 |
$3,050,172 |
$1,088,894
$179,960 |
$1,781,318 |
| 3 |
$3,202,642 |
$1,145,308
$188,956 |
$1,868,378 |
| 4 |
$3,362,832 |
$1,204,578
$198,407 |
$1,959,847 |
| 5 |
$3,530,935 |
$1,266,776
$208,325 |
$2,055,834 |
| 6 |
$3,707,530 |
$1,332,116
$218,744 |
$2,156,670 |
| 7 |
$3,892,810 |
$1,400,670
$229,676 |
$2,262,464 |
| 8 |
$4,087,547 |
$1,472,723
$241,165 |
$2,373,659 |
| 9 |
$4,291,934 |
$1,548,346
$253,224 |
$2,490,364 |
| 10 |
$4,506,550 |
$1,627,754
$265,886 |
$2,612,910 |
| 11 |
$4,731,781 |
$1,711,089
$279,175 |
$2,741,517 |
| 12 |
$4,968,399 |
$1,798,638
$293,136 |
$2,876,625 |
| 13 |
$5,216,790 |
$1,890,543
$307,791 |
$3,018,456 |
| 14 |
$5,477,726 |
$1,987,089
$323,186 |
$3,167,451 |
| 15 |
$5,751,593 |
$2,088,420
$339,344 |
$3,323,829 |
| 16 |
$6,039,163 |
$2,194,821
$356,311 |
$3,488,031 |
| 17 |
$6,341,015 |
$2,306,506
$374,120 |
$3,660,389 |
| 18 |
$6,658,114 |
$2,423,833
$392,829 |
$3,841,452 |
| 19 |
$6,991,039 |
$2,547,015
$412,471 |
$4,031,553 |
| 20 |
$7,340,562 |
$2,676,338
$433,093 |
$4,231,131 |
| 21 |
$7,707,648 |
$2,812,160
$454,751 |
$4,440,737 |
| 22 |
$8,093,069 |
$2,954,766
$477,491 |
$4,660,812 |
| 23 |
$8,497,597 |
$3,104,441
$501,358 |
$4,891,798 |
| 24 |
$8,922,583 |
$3,261,686
$526,432 |
$5,134,465 |
| 25 |
$9,368,606 |
$3,426,715
$552,748 |
$5,389,143 |
| 26 |
$9,837,210 |
$3,600,098
$580,395 |
$5,656,717 |
| 27 |
$10,328,974 |
$3,782,051
$609,409 |
$5,937,514 |
| 28 |
$10,845,442 |
$3,973,144
$639,881 |
$6,232,417 |
| 29 |
$11,387,772 |
$4,173,806
$671,879 |
$6,542,087 |
| 30 |
$11,957,122 |
$4,384,466
$705,470 |
$6,867,186 |
|
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