The jackpot for the Powerball draw on Mon Dec 1, 2025, is projected to be $740 Million, with an option for a cash payout of $346.1 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 Dec 1, 2025 |
|---|
| Draw Date | Mon Dec 1, 2025 | | Projected Jackpot | $740,000,000 | | Cash Value | $346,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $346,100,000 | | Federal Tax(24%) | $83,064,000 | | Additional Federal Tax | $44,953,330 | | State Tax(5.9%) | $20,419,900 | | Net Lumpsum Payment | $197,662,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,137,740 |
$4,081,294
$657,127 |
$6,399,319 |
| 2 |
$11,694,960 |
$4,287,466
$690,003 |
$6,717,491 |
| 3 |
$12,279,560 |
$4,503,768
$724,494 |
$7,051,298 |
| 4 |
$12,893,760 |
$4,731,022
$760,732 |
$7,402,006 |
| 5 |
$13,538,300 |
$4,969,501
$798,760 |
$7,770,039 |
| 6 |
$14,215,400 |
$5,220,028
$838,709 |
$8,156,663 |
| 7 |
$14,925,800 |
$5,482,876
$880,622 |
$8,562,302 |
| 8 |
$15,672,460 |
$5,759,141
$924,675 |
$8,988,644 |
| 9 |
$16,456,120 |
$6,049,095
$970,911 |
$9,436,114 |
| 10 |
$17,279,000 |
$6,353,560
$1,019,461 |
$9,905,979 |
| 11 |
$18,142,580 |
$6,673,085
$1,070,412 |
$10,399,083 |
| 12 |
$19,049,820 |
$7,008,764
$1,123,939 |
$10,917,117 |
| 13 |
$20,002,200 |
$7,361,144
$1,180,130 |
$11,460,926 |
| 14 |
$21,002,680 |
$7,731,322
$1,239,158 |
$12,032,200 |
| 15 |
$22,052,740 |
$8,119,844
$1,301,112 |
$12,631,784 |
| 16 |
$23,155,340 |
$8,527,806
$1,366,165 |
$13,261,369 |
| 17 |
$24,312,700 |
$8,956,029
$1,434,449 |
$13,922,222 |
| 18 |
$25,528,520 |
$9,405,883
$1,506,183 |
$14,616,454 |
| 19 |
$26,805,020 |
$9,878,188
$1,581,496 |
$15,345,336 |
| 20 |
$28,145,160 |
$10,374,040
$1,660,564 |
$16,110,556 |
| 21 |
$29,552,640 |
$10,894,807
$1,743,606 |
$16,914,227 |
| 22 |
$31,030,420 |
$11,441,586
$1,830,795 |
$17,758,039 |
| 23 |
$32,581,460 |
$12,015,471
$1,922,306 |
$18,643,683 |
| 24 |
$34,210,940 |
$12,618,378
$2,018,445 |
$19,574,117 |
| 25 |
$35,921,080 |
$13,251,130
$2,119,344 |
$20,550,606 |
| 26 |
$37,717,800 |
$13,915,916
$2,225,350 |
$21,576,534 |
| 27 |
$39,603,320 |
$14,613,559
$2,336,596 |
$22,653,165 |
| 28 |
$41,583,560 |
$15,346,248
$2,453,430 |
$23,783,882 |
| 29 |
$43,662,960 |
$16,115,626
$2,576,115 |
$24,971,219 |
| 30 |
$45,845,960 |
$16,923,336
$2,704,912 |
$26,217,712 |
|
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