The jackpot for the MEGA Millions draw on Tue Sep 15, 2026, is projected to be $227 Million, with an option for a cash payout of $96.3 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 Tue Sep 15, 2026 |
|---|
| Draw Date | Tue Sep 15, 2026 | | Projected Jackpot | $227,000,000 | | Cash Value | $96,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $96,300,000 | | Federal Tax(24%) | $23,112,000 | | Additional Federal Tax | $12,479,330 | | State Tax(5.9%) | $5,681,700 | | Net Lumpsum Payment | $55,026,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,416,577 |
$1,224,464
$201,578 |
$1,990,535 |
| 2 |
$3,587,508 |
$1,287,708
$211,663 |
$2,088,137 |
| 3 |
$3,766,838 |
$1,354,060
$222,243 |
$2,190,535 |
| 4 |
$3,955,248 |
$1,423,772
$233,360 |
$2,298,116 |
| 5 |
$4,152,965 |
$1,496,927
$245,025 |
$2,411,013 |
| 6 |
$4,360,670 |
$1,573,778
$257,280 |
$2,529,612 |
| 7 |
$4,578,590 |
$1,654,409
$270,137 |
$2,654,044 |
| 8 |
$4,807,633 |
$1,739,155
$283,650 |
$2,784,828 |
| 9 |
$5,048,026 |
$1,828,100
$297,834 |
$2,922,092 |
| 10 |
$5,300,450 |
$1,921,497
$312,727 |
$3,066,226 |
| 11 |
$5,565,359 |
$2,019,513
$328,356 |
$3,217,490 |
| 12 |
$5,843,661 |
$2,122,485
$344,776 |
$3,376,400 |
| 13 |
$6,135,810 |
$2,230,580
$362,013 |
$3,543,217 |
| 14 |
$6,442,714 |
$2,344,135
$380,120 |
$3,718,459 |
| 15 |
$6,764,827 |
$2,463,316
$399,125 |
$3,902,386 |
| 16 |
$7,103,057 |
$2,588,461
$419,080 |
$4,095,516 |
| 17 |
$7,458,085 |
$2,719,822
$440,027 |
$4,298,236 |
| 18 |
$7,831,046 |
$2,857,817
$462,032 |
$4,511,197 |
| 19 |
$8,222,621 |
$3,002,700
$485,135 |
$4,734,786 |
| 20 |
$8,633,718 |
$3,154,806
$509,389 |
$4,969,523 |
| 21 |
$9,065,472 |
$3,314,555
$534,863 |
$5,216,054 |
| 22 |
$9,518,791 |
$3,482,283
$561,609 |
$5,474,899 |
| 23 |
$9,994,583 |
$3,658,326
$589,680 |
$5,746,577 |
| 24 |
$10,494,437 |
$3,843,272
$619,172 |
$6,031,993 |
| 25 |
$11,019,034 |
$4,037,373
$650,123 |
$6,331,538 |
| 26 |
$11,570,190 |
$4,241,301
$682,641 |
$6,646,248 |
| 27 |
$12,148,586 |
$4,455,307
$716,767 |
$6,976,512 |
| 28 |
$12,756,038 |
$4,680,064
$752,606 |
$7,323,368 |
| 29 |
$13,393,908 |
$4,916,076
$790,241 |
$7,687,591 |
| 30 |
$14,063,558 |
$5,163,847
$829,750 |
$8,069,961 |
|
|
