The jackpot for the Powerball draw on Mon Dec 15, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $503.4 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 Mon Dec 15, 2025 |
|---|
| Draw Date | Mon Dec 15, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $503,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $503,400,000 | | Federal Tax(24%) | $120,816,000 | | Additional Federal Tax | $65,402,330 | | State Tax(5.9%) | $29,700,600 | | Net Lumpsum Payment | $287,481,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$976,810 |
$9,493,203 |
| 2 |
$17,384,400 |
$6,392,558
$1,025,680 |
$9,966,162 |
| 3 |
$18,253,400 |
$6,714,088
$1,076,951 |
$10,462,361 |
| 4 |
$19,166,400 |
$7,051,898
$1,130,818 |
$10,983,684 |
| 5 |
$20,124,500 |
$7,406,395
$1,187,346 |
$11,530,759 |
| 6 |
$21,131,000 |
$7,778,800
$1,246,729 |
$12,105,471 |
| 7 |
$22,187,000 |
$8,169,520
$1,309,033 |
$12,708,447 |
| 8 |
$23,296,900 |
$8,580,183
$1,374,517 |
$13,342,200 |
| 9 |
$24,461,800 |
$9,011,196
$1,443,246 |
$14,007,358 |
| 10 |
$25,685,000 |
$9,463,780
$1,515,415 |
$14,705,805 |
| 11 |
$26,968,700 |
$9,938,749
$1,591,153 |
$15,438,798 |
| 12 |
$28,317,300 |
$10,437,731
$1,670,721 |
$16,208,848 |
| 13 |
$29,733,000 |
$10,961,540
$1,754,247 |
$17,017,213 |
| 14 |
$31,220,200 |
$11,511,804
$1,841,992 |
$17,866,404 |
| 15 |
$32,781,100 |
$12,089,337
$1,934,085 |
$18,757,678 |
| 16 |
$34,420,100 |
$12,695,767
$2,030,786 |
$19,693,547 |
| 17 |
$36,140,500 |
$13,332,315
$2,132,290 |
$20,675,895 |
| 18 |
$37,947,800 |
$14,001,016
$2,238,920 |
$21,707,864 |
| 19 |
$39,845,300 |
$14,703,091
$2,350,873 |
$22,791,336 |
| 20 |
$41,837,400 |
$15,440,168
$2,468,407 |
$23,928,825 |
| 21 |
$43,929,600 |
$16,214,282
$2,591,846 |
$25,123,472 |
| 22 |
$46,126,300 |
$17,027,061
$2,721,452 |
$26,377,787 |
| 23 |
$48,431,900 |
$17,880,133
$2,857,482 |
$27,694,285 |
| 24 |
$50,854,100 |
$18,776,347
$3,000,392 |
$29,077,361 |
| 25 |
$53,396,200 |
$19,716,924
$3,150,376 |
$30,528,900 |
| 26 |
$56,067,000 |
$20,705,120
$3,307,953 |
$32,053,927 |
| 27 |
$58,869,800 |
$21,742,156
$3,473,318 |
$33,654,326 |
| 28 |
$61,813,400 |
$22,831,288
$3,646,991 |
$35,335,121 |
| 29 |
$64,904,400 |
$23,974,958
$3,829,360 |
$37,100,082 |
| 30 |
$68,149,400 |
$25,175,608
$4,020,815 |
$38,952,977 |
|
|
