The jackpot for the MEGA Millions draw on Fri Sep 5, 2025, is projected to be $336 Million, with an option for a cash payout of $151.3 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 Fri Sep 5, 2025 |
|---|
| Draw Date | Fri Sep 5, 2025 | | Projected Jackpot | $336,000,000 | | Cash Value | $151,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $151,300,000 | | Federal Tax(24%) | $36,312,000 | | Additional Federal Tax | $19,629,330 | | State Tax(5.9%) | $8,926,700 | | Net Lumpsum Payment | $86,431,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,057,136 |
$1,831,471
$298,371 |
$2,927,294 |
| 2 |
$5,310,144 |
$1,925,084
$313,298 |
$3,071,762 |
| 3 |
$5,575,584 |
$2,023,296
$328,959 |
$3,223,329 |
| 4 |
$5,854,464 |
$2,126,482
$345,413 |
$3,382,569 |
| 5 |
$6,147,120 |
$2,234,765
$362,680 |
$3,549,675 |
| 6 |
$6,454,560 |
$2,348,518
$380,819 |
$3,725,223 |
| 7 |
$6,777,120 |
$2,467,865
$399,850 |
$3,909,405 |
| 8 |
$7,116,144 |
$2,593,304
$419,852 |
$4,102,988 |
| 9 |
$7,471,968 |
$2,724,959
$440,846 |
$4,306,163 |
| 10 |
$7,845,600 |
$2,863,202
$462,890 |
$4,519,508 |
| 11 |
$8,237,712 |
$3,008,284
$486,025 |
$4,743,403 |
| 12 |
$8,649,648 |
$3,160,700
$510,329 |
$4,978,619 |
| 13 |
$9,082,080 |
$3,320,700
$535,843 |
$5,225,537 |
| 14 |
$9,536,352 |
$3,488,781
$562,645 |
$5,484,926 |
| 15 |
$10,013,136 |
$3,665,191
$590,775 |
$5,757,170 |
| 16 |
$10,513,776 |
$3,850,428
$620,313 |
$6,043,035 |
| 17 |
$11,039,280 |
$4,044,864
$651,318 |
$6,343,098 |
| 18 |
$11,591,328 |
$4,249,122
$683,888 |
$6,658,318 |
| 19 |
$12,170,928 |
$4,463,574
$718,085 |
$6,989,269 |
| 20 |
$12,779,424 |
$4,688,717
$753,986 |
$7,336,721 |
| 21 |
$13,418,496 |
$4,925,174
$791,691 |
$7,701,631 |
| 22 |
$14,089,488 |
$5,173,441
$831,280 |
$8,084,767 |
| 23 |
$14,793,744 |
$5,434,016
$872,831 |
$8,486,897 |
| 24 |
$15,533,616 |
$5,707,768
$916,483 |
$8,909,365 |
| 25 |
$16,310,112 |
$5,995,072
$962,297 |
$9,352,743 |
| 26 |
$17,125,920 |
$6,296,921
$1,010,429 |
$9,818,570 |
| 27 |
$17,982,048 |
$6,613,688
$1,060,941 |
$10,307,419 |
| 28 |
$18,881,184 |
$6,946,368
$1,113,990 |
$10,820,826 |
| 29 |
$19,825,344 |
$7,295,708
$1,169,695 |
$11,359,941 |
| 30 |
$20,816,544 |
$7,662,452
$1,228,176 |
$11,925,916 |
|
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