The jackpot for the Powerball draw on Sat Mar 14, 2026, is projected to be $75 Million, with an option for a cash payout of $34.6 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 Mar 14, 2026 |
|---|
| Draw Date | Sat Mar 14, 2026 | | Projected Jackpot | $75,000,000 | | Cash Value | $34,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,600,000 | | Federal Tax(24%) | $8,304,000 | | Additional Federal Tax | $4,458,330 | | State Tax(5.9%) | $2,041,400 | | Net Lumpsum Payment | $19,796,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,128,825 |
$377,996
$66,601 |
$684,228 |
| 2 |
$1,185,300 |
$398,891
$69,933 |
$716,476 |
| 3 |
$1,244,550 |
$420,814
$73,428 |
$750,308 |
| 4 |
$1,306,800 |
$443,846
$77,101 |
$785,853 |
| 5 |
$1,372,125 |
$468,017
$80,955 |
$823,153 |
| 6 |
$1,440,750 |
$493,408
$85,004 |
$862,338 |
| 7 |
$1,512,750 |
$520,048
$89,252 |
$903,450 |
| 8 |
$1,588,425 |
$548,048
$93,717 |
$946,660 |
| 9 |
$1,667,850 |
$577,435
$98,403 |
$992,012 |
| 10 |
$1,751,250 |
$608,293
$103,324 |
$1,039,633 |
| 11 |
$1,838,775 |
$640,677
$108,488 |
$1,089,610 |
| 12 |
$1,930,725 |
$674,699
$113,913 |
$1,142,113 |
| 13 |
$2,027,250 |
$710,413
$119,608 |
$1,197,229 |
| 14 |
$2,128,650 |
$747,931
$125,590 |
$1,255,129 |
| 15 |
$2,235,075 |
$787,308
$131,869 |
$1,315,898 |
| 16 |
$2,346,825 |
$828,656
$138,463 |
$1,379,706 |
| 17 |
$2,464,125 |
$872,057
$145,383 |
$1,446,685 |
| 18 |
$2,587,350 |
$917,650
$152,654 |
$1,517,046 |
| 19 |
$2,716,725 |
$965,519
$160,287 |
$1,590,919 |
| 20 |
$2,852,550 |
$1,015,774
$168,300 |
$1,668,476 |
| 21 |
$2,995,200 |
$1,068,554
$176,717 |
$1,749,929 |
| 22 |
$3,144,975 |
$1,123,971
$185,554 |
$1,835,450 |
| 23 |
$3,302,175 |
$1,182,135
$194,828 |
$1,925,212 |
| 24 |
$3,467,325 |
$1,243,241
$204,572 |
$2,019,512 |
| 25 |
$3,640,650 |
$1,307,371
$214,798 |
$2,118,481 |
| 26 |
$3,822,750 |
$1,374,748
$225,542 |
$2,222,460 |
| 27 |
$4,013,850 |
$1,445,455
$236,817 |
$2,331,578 |
| 28 |
$4,214,550 |
$1,519,714
$248,658 |
$2,446,178 |
| 29 |
$4,425,300 |
$1,597,691
$261,093 |
$2,566,516 |
| 30 |
$4,646,550 |
$1,679,554
$274,146 |
$2,692,850 |
|
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