The jackpot for the Powerball draw on Sat Dec 13, 2025, is projected to be $1.00 Billion, with an option for a cash payout of $461.3 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 Dec 13, 2025 |
|---|
| Draw Date | Sat Dec 13, 2025 | | Projected Jackpot | $1,000,000,000 | | Cash Value | $461,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $461,300,000 | | Federal Tax(24%) | $110,712,000 | | Additional Federal Tax | $59,929,330 | | State Tax(5.9%) | $27,216,700 | | Net Lumpsum Payment | $263,441,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$15,051,000 |
$5,529,200
$888,009 |
$8,633,791 |
| 2 |
$15,804,000 |
$5,807,810
$932,436 |
$9,063,754 |
| 3 |
$16,594,000 |
$6,100,110
$979,046 |
$9,514,844 |
| 4 |
$17,424,000 |
$6,407,210
$1,028,016 |
$9,988,774 |
| 5 |
$18,295,000 |
$6,729,480
$1,079,405 |
$10,486,115 |
| 6 |
$19,210,000 |
$7,068,030
$1,133,390 |
$11,008,580 |
| 7 |
$20,170,000 |
$7,423,230
$1,190,030 |
$11,556,740 |
| 8 |
$21,179,000 |
$7,796,560
$1,249,561 |
$12,132,879 |
| 9 |
$22,238,000 |
$8,188,390
$1,312,042 |
$12,737,568 |
| 10 |
$23,350,000 |
$8,599,830
$1,377,650 |
$13,372,520 |
| 11 |
$24,517,000 |
$9,031,620
$1,446,503 |
$14,038,877 |
| 12 |
$25,743,000 |
$9,485,240
$1,518,837 |
$14,738,923 |
| 13 |
$27,030,000 |
$9,961,430
$1,594,770 |
$15,473,800 |
| 14 |
$28,382,000 |
$10,461,670
$1,674,538 |
$16,245,792 |
| 15 |
$29,801,000 |
$10,986,700
$1,758,259 |
$17,056,041 |
| 16 |
$31,291,000 |
$11,538,000
$1,846,169 |
$17,906,831 |
| 17 |
$32,855,000 |
$12,116,680
$1,938,445 |
$18,799,875 |
| 18 |
$34,498,000 |
$12,724,590
$2,035,382 |
$19,738,028 |
| 19 |
$36,223,000 |
$13,362,840
$2,137,157 |
$20,723,003 |
| 20 |
$38,034,000 |
$14,032,910
$2,244,006 |
$21,757,084 |
| 21 |
$39,936,000 |
$14,736,650
$2,356,224 |
$22,843,126 |
| 22 |
$41,933,000 |
$15,475,540
$2,474,047 |
$23,983,413 |
| 23 |
$44,029,000 |
$16,251,060
$2,597,711 |
$25,180,229 |
| 24 |
$46,231,000 |
$17,065,800
$2,727,629 |
$26,437,571 |
| 25 |
$48,542,000 |
$17,920,870
$2,863,978 |
$27,757,152 |
| 26 |
$50,970,000 |
$18,819,230
$3,007,230 |
$29,143,540 |
| 27 |
$53,518,000 |
$19,761,990
$3,157,562 |
$30,598,448 |
| 28 |
$56,194,000 |
$20,752,110
$3,315,446 |
$32,126,444 |
| 29 |
$59,004,000 |
$21,791,810
$3,481,236 |
$33,730,954 |
| 30 |
$61,954,000 |
$22,883,310
$3,655,286 |
$35,415,404 |
|
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