The jackpot for the MEGA Millions draw on Tue Nov 11, 2025, is projected to be $900 Million, with an option for a cash payout of $415.3 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 Nov 11, 2025 |
|---|
| Draw Date | Tue Nov 11, 2025 | | Projected Jackpot | $900,000,000 | | Cash Value | $415,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $415,300,000 | | Federal Tax(24%) | $99,672,000 | | Additional Federal Tax | $53,949,330 | | State Tax(5.9%) | $24,502,700 | | Net Lumpsum Payment | $237,175,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$13,545,900 |
$4,972,313
$799,208 |
$7,774,379 |
| 2 |
$14,223,600 |
$5,223,062
$839,192 |
$8,161,346 |
| 3 |
$14,934,600 |
$5,486,132
$881,141 |
$8,567,327 |
| 4 |
$15,681,600 |
$5,762,522
$925,214 |
$8,993,864 |
| 5 |
$16,465,500 |
$6,052,565
$971,465 |
$9,441,470 |
| 6 |
$17,289,000 |
$6,357,260
$1,020,051 |
$9,911,689 |
| 7 |
$18,153,000 |
$6,676,940
$1,071,027 |
$10,405,033 |
| 8 |
$19,061,100 |
$7,012,937
$1,124,605 |
$10,923,558 |
| 9 |
$20,014,200 |
$7,365,584
$1,180,838 |
$11,467,778 |
| 10 |
$21,015,000 |
$7,735,880
$1,239,885 |
$12,039,235 |
| 11 |
$22,065,300 |
$8,124,491
$1,301,853 |
$12,638,956 |
| 12 |
$23,168,700 |
$8,532,749
$1,366,953 |
$13,268,998 |
| 13 |
$24,327,000 |
$8,961,320
$1,435,293 |
$13,930,387 |
| 14 |
$25,543,800 |
$9,411,536
$1,507,084 |
$14,625,180 |
| 15 |
$26,820,900 |
$9,884,063
$1,582,433 |
$15,354,404 |
| 16 |
$28,161,900 |
$10,380,233
$1,661,552 |
$16,120,115 |
| 17 |
$29,569,500 |
$10,901,045
$1,744,601 |
$16,923,854 |
| 18 |
$31,048,200 |
$11,448,164
$1,831,844 |
$17,768,192 |
| 19 |
$32,600,700 |
$12,022,589
$1,923,441 |
$18,654,670 |
| 20 |
$34,230,600 |
$12,625,652
$2,019,605 |
$19,585,343 |
| 21 |
$35,942,400 |
$13,259,018
$2,120,602 |
$20,562,780 |
| 22 |
$37,739,700 |
$13,924,019
$2,226,642 |
$21,589,039 |
| 23 |
$39,626,100 |
$14,621,987
$2,337,940 |
$22,666,173 |
| 24 |
$41,607,900 |
$15,355,253
$2,454,866 |
$23,797,781 |
| 25 |
$43,687,800 |
$16,124,816
$2,577,580 |
$24,985,404 |
| 26 |
$45,873,000 |
$16,933,340
$2,706,507 |
$26,233,153 |
| 27 |
$48,166,200 |
$17,781,824
$2,841,806 |
$27,542,570 |
| 28 |
$50,574,600 |
$18,672,932
$2,983,901 |
$28,917,767 |
| 29 |
$53,103,600 |
$19,608,662
$3,133,112 |
$30,361,826 |
| 30 |
$55,758,600 |
$20,591,012
$3,289,757 |
$31,877,831 |
|
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