The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Sat Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(5.9%) | $45,447,700 | | Net Lumpsum Payment | $439,880,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$1,509,615 |
$14,649,676 |
| 2 |
$26,866,800 |
$9,901,046
$1,585,141 |
$15,380,613 |
| 3 |
$28,209,800 |
$10,397,956
$1,664,378 |
$16,147,466 |
| 4 |
$29,620,800 |
$10,920,026
$1,747,627 |
$16,953,147 |
| 5 |
$31,101,500 |
$11,467,885
$1,834,989 |
$17,798,626 |
| 6 |
$32,657,000 |
$12,043,420
$1,926,763 |
$18,686,817 |
| 7 |
$34,289,000 |
$12,647,260
$2,023,051 |
$19,618,689 |
| 8 |
$36,004,300 |
$13,281,921
$2,124,254 |
$20,598,125 |
| 9 |
$37,804,600 |
$13,948,032
$2,230,471 |
$21,626,097 |
| 10 |
$39,695,000 |
$14,647,480
$2,342,005 |
$22,705,515 |
| 11 |
$41,678,900 |
$15,381,523
$2,459,055 |
$23,838,322 |
| 12 |
$43,763,100 |
$16,152,677
$2,582,023 |
$25,028,400 |
| 13 |
$45,951,000 |
$16,962,200
$2,711,109 |
$26,277,691 |
| 14 |
$48,249,400 |
$17,812,608
$2,846,715 |
$27,590,077 |
| 15 |
$50,661,700 |
$18,705,159
$2,989,040 |
$28,967,501 |
| 16 |
$53,194,700 |
$19,642,369
$3,138,487 |
$30,413,844 |
| 17 |
$55,853,500 |
$20,626,125
$3,295,357 |
$31,932,018 |
| 18 |
$58,646,600 |
$21,659,572
$3,460,149 |
$33,526,879 |
| 19 |
$61,579,100 |
$22,744,597
$3,633,167 |
$35,201,336 |
| 20 |
$64,657,800 |
$23,883,716
$3,814,810 |
$36,959,274 |
| 21 |
$67,891,200 |
$25,080,074
$4,005,581 |
$38,805,545 |
| 22 |
$71,286,100 |
$26,336,187
$4,205,880 |
$40,744,033 |
| 23 |
$74,849,300 |
$27,654,571
$4,416,109 |
$42,778,620 |
| 24 |
$78,592,700 |
$29,039,629
$4,636,969 |
$44,916,102 |
| 25 |
$82,521,400 |
$30,493,248
$4,868,763 |
$47,159,389 |
| 26 |
$86,649,000 |
$32,020,460
$5,112,291 |
$49,516,249 |
| 27 |
$90,980,600 |
$33,623,152
$5,367,855 |
$51,989,593 |
| 28 |
$95,529,800 |
$35,306,356
$5,636,258 |
$54,587,186 |
| 29 |
$100,306,800 |
$37,073,846
$5,918,101 |
$57,314,853 |
| 30 |
$105,321,800 |
$38,929,396
$6,213,986 |
$60,178,418 |
|
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