The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(5.9%) | $5,310,000 | | Net Lumpsum Payment | $51,429,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$179,378 |
$1,775,682 |
| 2 |
$3,192,408 |
$1,141,521
$188,352 |
$1,862,535 |
| 3 |
$3,351,988 |
$1,200,566
$197,767 |
$1,953,655 |
| 4 |
$3,519,648 |
$1,262,600
$207,659 |
$2,049,389 |
| 5 |
$3,695,590 |
$1,327,699
$218,040 |
$2,149,851 |
| 6 |
$3,880,420 |
$1,396,086
$228,945 |
$2,255,389 |
| 7 |
$4,074,340 |
$1,467,836
$240,386 |
$2,366,118 |
| 8 |
$4,278,158 |
$1,543,249
$252,411 |
$2,482,498 |
| 9 |
$4,492,076 |
$1,622,399
$265,032 |
$2,604,645 |
| 10 |
$4,716,700 |
$1,705,509
$278,285 |
$2,732,906 |
| 11 |
$4,952,434 |
$1,792,731
$292,194 |
$2,867,509 |
| 12 |
$5,200,086 |
$1,884,362
$306,805 |
$3,008,919 |
| 13 |
$5,460,060 |
$1,980,553
$322,144 |
$3,157,363 |
| 14 |
$5,733,164 |
$2,081,601
$338,257 |
$3,313,306 |
| 15 |
$6,019,802 |
$2,187,657
$355,168 |
$3,476,977 |
| 16 |
$6,320,782 |
$2,299,020
$372,926 |
$3,648,836 |
| 17 |
$6,636,710 |
$2,415,913
$391,566 |
$3,829,231 |
| 18 |
$6,968,596 |
$2,538,711
$411,147 |
$4,018,738 |
| 19 |
$7,317,046 |
$2,667,637
$431,706 |
$4,217,703 |
| 20 |
$7,682,868 |
$2,802,992
$453,289 |
$4,426,587 |
| 21 |
$8,067,072 |
$2,945,147
$475,957 |
$4,645,968 |
| 22 |
$8,470,466 |
$3,094,403
$499,757 |
$4,876,306 |
| 23 |
$8,893,858 |
$3,251,058
$524,738 |
$5,118,062 |
| 24 |
$9,338,662 |
$3,415,635
$550,981 |
$5,372,046 |
| 25 |
$9,805,484 |
$3,588,359
$578,524 |
$5,638,601 |
| 26 |
$10,295,940 |
$3,769,828
$607,460 |
$5,918,652 |
| 27 |
$10,810,636 |
$3,960,266
$637,828 |
$6,212,542 |
| 28 |
$11,351,188 |
$4,160,270
$669,720 |
$6,521,198 |
| 29 |
$11,918,808 |
$4,370,289
$703,210 |
$6,845,309 |
| 30 |
$12,514,708 |
$4,590,772
$738,368 |
$7,185,568 |
|
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