The jackpot for the MEGA Millions draw on Fri Oct 30, 2026, is projected to be $463 Million, with an option for a cash payout of $194.9 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 Fri Oct 30, 2026 |
|---|
| Draw Date | Fri Oct 30, 2026 | | Projected Jackpot | $463,000,000 | | Cash Value | $194,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $194,900,000 | | Federal Tax(24%) | $46,776,000 | | Additional Federal Tax | $25,297,330 | | State Tax(5.9%) | $11,499,100 | | Net Lumpsum Payment | $111,327,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,968,613 |
$2,538,717
$411,148 |
$4,018,748 |
| 2 |
$7,317,252 |
$2,667,714
$431,718 |
$4,217,820 |
| 3 |
$7,683,022 |
$2,803,049
$453,298 |
$4,426,675 |
| 4 |
$8,067,312 |
$2,945,236
$475,971 |
$4,646,105 |
| 5 |
$8,470,585 |
$3,094,447
$499,765 |
$4,876,373 |
| 6 |
$8,894,230 |
$3,251,195
$524,760 |
$5,118,275 |
| 7 |
$9,338,710 |
$3,415,653
$550,984 |
$5,372,073 |
| 8 |
$9,805,877 |
$3,588,505
$578,547 |
$5,638,825 |
| 9 |
$10,296,194 |
$3,769,922
$607,475 |
$5,918,797 |
| 10 |
$10,811,050 |
$3,960,419
$637,852 |
$6,212,779 |
| 11 |
$11,351,371 |
$4,160,338
$669,731 |
$6,521,302 |
| 12 |
$11,919,009 |
$4,370,364
$703,222 |
$6,845,423 |
| 13 |
$12,514,890 |
$4,590,840
$738,379 |
$7,185,671 |
| 14 |
$13,140,866 |
$4,822,451
$775,311 |
$7,543,104 |
| 15 |
$13,797,863 |
$5,065,540
$814,074 |
$7,918,249 |
| 16 |
$14,487,733 |
$5,320,792
$854,776 |
$8,312,165 |
| 17 |
$15,211,865 |
$5,588,720
$897,500 |
$8,725,645 |
| 18 |
$15,972,574 |
$5,870,183
$942,382 |
$9,160,009 |
| 19 |
$16,771,249 |
$6,165,693
$989,504 |
$9,616,052 |
| 20 |
$17,609,742 |
$6,475,935
$1,038,975 |
$10,094,832 |
| 21 |
$18,490,368 |
$6,801,767
$1,090,932 |
$10,597,669 |
| 22 |
$19,414,979 |
$7,143,873
$1,145,484 |
$11,125,622 |
| 23 |
$20,385,427 |
$7,502,938
$1,202,740 |
$11,679,749 |
| 24 |
$21,404,953 |
$7,880,163
$1,262,892 |
$12,261,898 |
| 25 |
$22,474,946 |
$8,276,060
$1,326,022 |
$12,872,864 |
| 26 |
$23,599,110 |
$8,692,001
$1,392,347 |
$13,514,762 |
| 27 |
$24,778,834 |
$9,128,499
$1,461,951 |
$14,188,384 |
| 28 |
$26,017,822 |
$9,586,925
$1,535,051 |
$14,895,846 |
| 29 |
$27,318,852 |
$10,068,306
$1,611,812 |
$15,638,734 |
| 30 |
$28,684,702 |
$10,573,670
$1,692,397 |
$16,418,635 |
|
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