The jackpot for the MEGA Millions draw on Fri Apr 10, 2026, is projected to be $110 Million, with an option for a cash payout of $49.2 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 Apr 10, 2026 |
|---|
| Draw Date | Fri Apr 10, 2026 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,200,000 | | Federal Tax(24%) | $11,808,000 | | Additional Federal Tax | $6,356,330 | | State Tax(5.9%) | $2,902,800 | | Net Lumpsum Payment | $28,132,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$97,681 |
$985,023 |
| 2 |
$1,738,440 |
$603,553
$102,568 |
$1,032,319 |
| 3 |
$1,825,340 |
$635,706
$107,695 |
$1,081,939 |
| 4 |
$1,916,640 |
$669,487
$113,082 |
$1,134,071 |
| 5 |
$2,012,450 |
$704,937
$118,735 |
$1,188,778 |
| 6 |
$2,113,100 |
$742,177
$124,673 |
$1,246,250 |
| 7 |
$2,218,700 |
$781,249
$130,903 |
$1,306,548 |
| 8 |
$2,329,690 |
$822,316
$137,452 |
$1,369,922 |
| 9 |
$2,446,180 |
$865,417
$144,325 |
$1,436,438 |
| 10 |
$2,568,500 |
$910,675
$151,542 |
$1,506,283 |
| 11 |
$2,696,870 |
$958,172
$159,115 |
$1,579,583 |
| 12 |
$2,831,730 |
$1,008,070
$167,072 |
$1,656,588 |
| 13 |
$2,973,300 |
$1,060,451
$175,425 |
$1,737,424 |
| 14 |
$3,122,020 |
$1,115,478
$184,199 |
$1,822,343 |
| 15 |
$3,278,110 |
$1,173,231
$193,408 |
$1,911,471 |
| 16 |
$3,442,010 |
$1,233,874
$203,079 |
$2,005,057 |
| 17 |
$3,614,050 |
$1,297,529
$213,229 |
$2,103,292 |
| 18 |
$3,794,780 |
$1,364,399
$223,892 |
$2,206,489 |
| 19 |
$3,984,530 |
$1,434,606
$235,087 |
$2,314,837 |
| 20 |
$4,183,740 |
$1,508,314
$246,841 |
$2,428,585 |
| 21 |
$4,392,960 |
$1,585,726
$259,185 |
$2,548,049 |
| 22 |
$4,612,630 |
$1,667,003
$272,145 |
$2,673,482 |
| 23 |
$4,843,190 |
$1,752,311
$285,748 |
$2,805,131 |
| 24 |
$5,085,410 |
$1,841,932
$300,039 |
$2,943,439 |
| 25 |
$5,339,620 |
$1,935,990
$315,038 |
$3,088,592 |
| 26 |
$5,606,700 |
$2,034,809
$330,795 |
$3,241,096 |
| 27 |
$5,886,980 |
$2,138,513
$347,332 |
$3,401,135 |
| 28 |
$6,181,340 |
$2,247,426
$364,699 |
$3,569,215 |
| 29 |
$6,490,440 |
$2,361,793
$382,936 |
$3,745,711 |
| 30 |
$6,814,940 |
$2,481,858
$402,081 |
$3,931,001 |
|
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