The jackpot for the MEGA Millions draw on Tue Mar 3, 2026, is projected to be $473 Million, with an option for a cash payout of $221.8 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 Mar 3, 2026 |
|---|
| Draw Date | Tue Mar 3, 2026 | | Projected Jackpot | $473,000,000 | | Cash Value | $221,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,800,000 | | Federal Tax(24%) | $53,232,000 | | Additional Federal Tax | $28,794,330 | | State Tax(5.9%) | $13,086,200 | | Net Lumpsum Payment | $126,687,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,119,123 |
$2,594,406
$420,028 |
$4,104,689 |
| 2 |
$7,475,292 |
$2,726,188
$441,042 |
$4,308,062 |
| 3 |
$7,848,962 |
$2,864,446
$463,089 |
$4,521,427 |
| 4 |
$8,241,552 |
$3,009,705
$486,252 |
$4,745,595 |
| 5 |
$8,653,535 |
$3,162,138
$510,559 |
$4,980,838 |
| 6 |
$9,086,330 |
$3,322,272
$536,093 |
$5,227,965 |
| 7 |
$9,540,410 |
$3,490,282
$562,884 |
$5,487,244 |
| 8 |
$10,017,667 |
$3,666,867
$591,042 |
$5,759,758 |
| 9 |
$10,518,574 |
$3,852,203
$620,596 |
$6,045,775 |
| 10 |
$11,044,550 |
$4,046,814
$651,628 |
$6,346,108 |
| 11 |
$11,596,541 |
$4,251,051
$684,196 |
$6,661,294 |
| 12 |
$12,176,439 |
$4,465,613
$718,410 |
$6,992,416 |
| 13 |
$12,785,190 |
$4,690,851
$754,326 |
$7,340,013 |
| 14 |
$13,424,686 |
$4,927,464
$792,056 |
$7,705,166 |
| 15 |
$14,095,873 |
$5,175,803
$831,657 |
$8,088,413 |
| 16 |
$14,800,643 |
$5,436,568
$873,238 |
$8,490,837 |
| 17 |
$15,540,415 |
$5,710,284
$916,884 |
$8,913,247 |
| 18 |
$16,317,554 |
$5,997,825
$962,736 |
$9,356,993 |
| 19 |
$17,133,479 |
$6,299,718
$1,010,875 |
$9,822,886 |
| 20 |
$17,990,082 |
$6,616,661
$1,061,415 |
$10,312,006 |
| 21 |
$18,889,728 |
$6,949,530
$1,114,494 |
$10,825,704 |
| 22 |
$19,834,309 |
$7,299,025
$1,170,224 |
$11,365,060 |
| 23 |
$20,825,717 |
$7,665,846
$1,228,717 |
$11,931,154 |
| 24 |
$21,867,263 |
$8,051,218
$1,290,169 |
$12,525,876 |
| 25 |
$22,960,366 |
$8,455,666
$1,354,662 |
$13,150,038 |
| 26 |
$24,108,810 |
$8,880,590
$1,422,420 |
$13,805,800 |
| 27 |
$25,314,014 |
$9,326,516
$1,493,527 |
$14,493,971 |
| 28 |
$26,579,762 |
$9,794,842
$1,568,206 |
$15,216,714 |
| 29 |
$27,908,892 |
$10,286,620
$1,646,625 |
$15,975,647 |
| 30 |
$29,304,242 |
$10,802,900
$1,728,950 |
$16,772,392 |
|
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