The jackpot for the Powerball draw on Wed Mar 18, 2026, is projected to be $101 Million, with an option for a cash payout of $46 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 Wed Mar 18, 2026 |
|---|
| Draw Date | Wed Mar 18, 2026 | | Projected Jackpot | $101,000,000 | | Cash Value | $46,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,000,000 | | Federal Tax(24%) | $11,040,000 | | Additional Federal Tax | $5,940,330 | | State Tax(5.9%) | $2,714,000 | | Net Lumpsum Payment | $26,305,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,520,151 |
$522,786
$89,689 |
$907,676 |
| 2 |
$1,596,204 |
$550,926
$94,176 |
$951,102 |
| 3 |
$1,675,994 |
$580,448
$98,884 |
$996,662 |
| 4 |
$1,759,824 |
$611,465
$103,830 |
$1,044,529 |
| 5 |
$1,847,795 |
$644,015
$109,020 |
$1,094,760 |
| 6 |
$1,940,210 |
$678,208
$114,472 |
$1,147,530 |
| 7 |
$2,037,170 |
$714,083
$120,193 |
$1,202,894 |
| 8 |
$2,139,079 |
$751,790
$126,206 |
$1,261,083 |
| 9 |
$2,246,038 |
$791,364
$132,516 |
$1,322,158 |
| 10 |
$2,358,350 |
$832,920
$139,143 |
$1,386,287 |
| 11 |
$2,476,217 |
$876,531
$146,097 |
$1,453,589 |
| 12 |
$2,600,043 |
$922,346
$153,403 |
$1,524,294 |
| 13 |
$2,730,030 |
$970,441
$161,072 |
$1,598,517 |
| 14 |
$2,866,582 |
$1,020,966
$169,128 |
$1,676,488 |
| 15 |
$3,009,901 |
$1,073,994
$177,584 |
$1,758,323 |
| 16 |
$3,160,391 |
$1,129,675
$186,463 |
$1,844,253 |
| 17 |
$3,318,355 |
$1,188,122
$195,783 |
$1,934,450 |
| 18 |
$3,484,298 |
$1,249,521
$205,574 |
$2,029,203 |
| 19 |
$3,658,523 |
$1,313,984
$215,853 |
$2,128,686 |
| 20 |
$3,841,434 |
$1,381,661
$226,645 |
$2,233,128 |
| 21 |
$4,033,536 |
$1,452,739
$237,979 |
$2,342,818 |
| 22 |
$4,235,233 |
$1,527,367
$249,879 |
$2,457,987 |
| 23 |
$4,446,929 |
$1,605,694
$262,369 |
$2,578,866 |
| 24 |
$4,669,331 |
$1,687,983
$275,491 |
$2,705,857 |
| 25 |
$4,902,742 |
$1,774,345
$289,262 |
$2,839,135 |
| 26 |
$5,147,970 |
$1,865,079
$303,730 |
$2,979,161 |
| 27 |
$5,405,318 |
$1,960,298
$318,914 |
$3,126,106 |
| 28 |
$5,675,594 |
$2,060,300
$334,860 |
$3,280,434 |
| 29 |
$5,959,404 |
$2,165,310
$351,605 |
$3,442,489 |
| 30 |
$6,257,354 |
$2,275,551
$369,184 |
$3,612,619 |
|
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