The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(5.9%) | $4,377,800 | | Net Lumpsum Payment | $42,407,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$143,857 |
$1,431,918 |
| 2 |
$2,560,248 |
$907,622
$151,055 |
$1,501,571 |
| 3 |
$2,688,228 |
$954,975
$158,605 |
$1,574,648 |
| 4 |
$2,822,688 |
$1,004,725
$166,539 |
$1,651,424 |
| 5 |
$2,963,790 |
$1,056,933
$174,864 |
$1,731,993 |
| 6 |
$3,112,020 |
$1,111,778
$183,609 |
$1,816,633 |
| 7 |
$3,267,540 |
$1,169,320
$192,785 |
$1,905,435 |
| 8 |
$3,430,998 |
$1,229,800
$202,429 |
$1,998,769 |
| 9 |
$3,602,556 |
$1,293,276
$212,551 |
$2,096,729 |
| 10 |
$3,782,700 |
$1,359,929
$223,179 |
$2,199,592 |
| 11 |
$3,971,754 |
$1,429,879
$234,333 |
$2,307,542 |
| 12 |
$4,170,366 |
$1,503,366
$246,052 |
$2,420,948 |
| 13 |
$4,378,860 |
$1,580,509
$258,353 |
$2,539,998 |
| 14 |
$4,597,884 |
$1,661,547
$271,275 |
$2,665,062 |
| 15 |
$4,827,762 |
$1,746,602
$284,838 |
$2,796,322 |
| 16 |
$5,069,142 |
$1,835,913
$299,079 |
$2,934,150 |
| 17 |
$5,322,510 |
$1,929,659
$314,028 |
$3,078,823 |
| 18 |
$5,588,676 |
$2,028,141
$329,732 |
$3,230,803 |
| 19 |
$5,868,126 |
$2,131,537
$346,219 |
$3,390,370 |
| 20 |
$6,161,508 |
$2,240,088
$363,529 |
$3,557,891 |
| 21 |
$6,469,632 |
$2,354,094
$381,708 |
$3,733,830 |
| 22 |
$6,793,146 |
$2,473,794
$400,796 |
$3,918,556 |
| 23 |
$7,132,698 |
$2,599,429
$420,829 |
$4,112,440 |
| 24 |
$7,489,422 |
$2,731,417
$441,876 |
$4,316,129 |
| 25 |
$7,863,804 |
$2,869,938
$463,964 |
$4,529,902 |
| 26 |
$8,257,140 |
$3,015,472
$487,171 |
$4,754,497 |
| 27 |
$8,669,916 |
$3,168,199
$511,525 |
$4,990,192 |
| 28 |
$9,103,428 |
$3,328,599
$537,102 |
$5,237,727 |
| 29 |
$9,558,648 |
$3,497,030
$563,960 |
$5,497,658 |
| 30 |
$10,036,548 |
$3,673,853
$592,156 |
$5,770,539 |
|
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