The jackpot for the MEGA Millions draw on Tue Jan 13, 2026, is projected to be $215 Million, with an option for a cash payout of $98.3 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 Jan 13, 2026 |
|---|
| Draw Date | Tue Jan 13, 2026 | | Projected Jackpot | $215,000,000 | | Cash Value | $98,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $98,300,000 | | Federal Tax(24%) | $23,592,000 | | Additional Federal Tax | $12,739,330 | | State Tax(5.9%) | $5,799,700 | | Net Lumpsum Payment | $56,168,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$190,922 |
$1,887,406 |
| 2 |
$3,397,860 |
$1,217,539
$200,474 |
$1,979,847 |
| 3 |
$3,567,710 |
$1,280,383
$210,495 |
$2,076,832 |
| 4 |
$3,746,160 |
$1,346,410
$221,023 |
$2,178,727 |
| 5 |
$3,933,425 |
$1,415,698
$232,072 |
$2,285,655 |
| 6 |
$4,130,150 |
$1,488,486
$243,679 |
$2,397,985 |
| 7 |
$4,336,550 |
$1,564,854
$255,856 |
$2,515,840 |
| 8 |
$4,553,485 |
$1,645,120
$268,656 |
$2,639,709 |
| 9 |
$4,781,170 |
$1,729,363
$282,089 |
$2,769,718 |
| 10 |
$5,020,250 |
$1,817,823
$296,195 |
$2,906,232 |
| 11 |
$5,271,155 |
$1,910,658
$310,998 |
$3,049,499 |
| 12 |
$5,534,745 |
$2,008,186
$326,550 |
$3,200,009 |
| 13 |
$5,811,450 |
$2,110,567
$342,876 |
$3,358,007 |
| 14 |
$6,102,130 |
$2,218,118
$360,026 |
$3,523,986 |
| 15 |
$6,407,215 |
$2,331,000
$378,026 |
$3,698,189 |
| 16 |
$6,727,565 |
$2,449,529
$396,926 |
$3,881,110 |
| 17 |
$7,063,825 |
$2,573,946
$416,766 |
$4,073,113 |
| 18 |
$7,417,070 |
$2,704,646
$437,607 |
$4,274,817 |
| 19 |
$7,787,945 |
$2,841,870
$459,489 |
$4,486,586 |
| 20 |
$8,177,310 |
$2,985,935
$482,461 |
$4,708,914 |
| 21 |
$8,586,240 |
$3,137,239
$506,588 |
$4,942,413 |
| 22 |
$9,015,595 |
$3,296,101
$531,920 |
$5,187,574 |
| 23 |
$9,466,235 |
$3,462,837
$558,508 |
$5,444,890 |
| 24 |
$9,939,665 |
$3,638,006
$586,440 |
$5,715,219 |
| 25 |
$10,436,530 |
$3,821,846
$615,755 |
$5,998,929 |
| 26 |
$10,958,550 |
$4,014,994
$646,554 |
$6,297,002 |
| 27 |
$11,506,370 |
$4,217,687
$678,876 |
$6,609,807 |
| 28 |
$12,081,710 |
$4,430,563
$712,821 |
$6,938,326 |
| 29 |
$12,685,860 |
$4,654,099
$748,466 |
$7,283,295 |
| 30 |
$13,320,110 |
$4,888,771
$785,886 |
$7,645,453 |
|
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