The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(5.9%) | $4,436,800 | | Net Lumpsum Payment | $42,978,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$147,409 |
$1,466,294 |
| 2 |
$2,623,464 |
$931,012
$154,784 |
$1,537,668 |
| 3 |
$2,754,604 |
$979,534
$162,522 |
$1,612,548 |
| 4 |
$2,892,384 |
$1,030,512
$170,651 |
$1,691,221 |
| 5 |
$3,036,970 |
$1,084,009
$179,181 |
$1,773,780 |
| 6 |
$3,188,860 |
$1,140,209
$188,143 |
$1,860,508 |
| 7 |
$3,348,220 |
$1,199,172
$197,545 |
$1,951,503 |
| 8 |
$3,515,714 |
$1,261,145
$207,427 |
$2,047,142 |
| 9 |
$3,691,508 |
$1,326,188
$217,799 |
$2,147,521 |
| 10 |
$3,876,100 |
$1,394,487
$228,690 |
$2,252,923 |
| 11 |
$4,069,822 |
$1,466,165
$240,119 |
$2,363,538 |
| 12 |
$4,273,338 |
$1,541,465
$252,127 |
$2,479,746 |
| 13 |
$4,486,980 |
$1,620,513
$264,732 |
$2,601,735 |
| 14 |
$4,711,412 |
$1,703,553
$277,973 |
$2,729,886 |
| 15 |
$4,946,966 |
$1,790,708
$291,871 |
$2,864,387 |
| 16 |
$5,194,306 |
$1,882,224
$306,464 |
$3,005,618 |
| 17 |
$5,453,930 |
$1,978,284
$321,782 |
$3,153,864 |
| 18 |
$5,726,668 |
$2,079,198
$337,873 |
$3,309,597 |
| 19 |
$6,013,018 |
$2,185,147
$354,768 |
$3,473,103 |
| 20 |
$6,313,644 |
$2,296,379
$372,505 |
$3,644,760 |
| 21 |
$6,629,376 |
$2,413,200
$391,133 |
$3,825,043 |
| 22 |
$6,960,878 |
$2,535,855
$410,692 |
$4,014,331 |
| 23 |
$7,308,814 |
$2,664,592
$431,220 |
$4,213,002 |
| 24 |
$7,674,346 |
$2,799,838
$452,786 |
$4,421,722 |
| 25 |
$8,057,972 |
$2,941,780
$475,420 |
$4,640,772 |
| 26 |
$8,461,020 |
$3,090,908
$499,200 |
$4,870,912 |
| 27 |
$8,883,988 |
$3,247,406
$524,155 |
$5,112,427 |
| 28 |
$9,328,204 |
$3,411,766
$550,364 |
$5,366,074 |
| 29 |
$9,794,664 |
$3,584,356
$577,885 |
$5,632,423 |
| 30 |
$10,284,364 |
$3,765,545
$606,777 |
$5,912,042 |
|
|
