The jackpot for the Powerball draw on Wed Dec 3, 2025, is projected to be $775 Million, with an option for a cash payout of $362.5 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 Wed Dec 3, 2025 |
|---|
| Draw Date | Wed Dec 3, 2025 | | Projected Jackpot | $775,000,000 | | Cash Value | $362,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $362,500,000 | | Federal Tax(24%) | $87,000,000 | | Additional Federal Tax | $47,085,330 | | State Tax(5.9%) | $21,387,500 | | Net Lumpsum Payment | $207,027,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,664,525 |
$4,276,205
$688,207 |
$6,700,113 |
| 2 |
$12,248,100 |
$4,492,127
$722,638 |
$7,033,335 |
| 3 |
$12,860,350 |
$4,718,660
$758,761 |
$7,382,929 |
| 4 |
$13,503,600 |
$4,956,662
$796,712 |
$7,750,226 |
| 5 |
$14,178,625 |
$5,206,422
$836,539 |
$8,135,664 |
| 6 |
$14,887,750 |
$5,468,798
$878,377 |
$8,540,575 |
| 7 |
$15,631,750 |
$5,744,078
$922,273 |
$8,965,399 |
| 8 |
$16,413,725 |
$6,033,409
$968,410 |
$9,411,906 |
| 9 |
$17,234,450 |
$6,337,077
$1,016,833 |
$9,880,540 |
| 10 |
$18,096,250 |
$6,655,943
$1,067,679 |
$10,372,628 |
| 11 |
$19,000,675 |
$6,990,580
$1,121,040 |
$10,889,055 |
| 12 |
$19,950,825 |
$7,342,136
$1,177,099 |
$11,431,590 |
| 13 |
$20,948,250 |
$7,711,183
$1,235,947 |
$12,001,120 |
| 14 |
$21,996,050 |
$8,098,869
$1,297,767 |
$12,599,414 |
| 15 |
$23,095,775 |
$8,505,767
$1,362,651 |
$13,227,357 |
| 16 |
$24,250,525 |
$8,933,025
$1,430,781 |
$13,886,719 |
| 17 |
$25,462,625 |
$9,381,502
$1,502,295 |
$14,578,828 |
| 18 |
$26,735,950 |
$9,852,632
$1,577,421 |
$15,305,897 |
| 19 |
$28,072,825 |
$10,347,276
$1,656,297 |
$16,069,252 |
| 20 |
$29,476,350 |
$10,866,580
$1,739,105 |
$16,870,665 |
| 21 |
$30,950,400 |
$11,411,978
$1,826,074 |
$17,712,348 |
| 22 |
$32,498,075 |
$11,984,618
$1,917,386 |
$18,596,071 |
| 23 |
$34,122,475 |
$12,585,646
$2,013,226 |
$19,523,603 |
| 24 |
$35,829,025 |
$13,217,070
$2,113,912 |
$20,498,043 |
| 25 |
$37,620,050 |
$13,879,749
$2,219,583 |
$21,520,718 |
| 26 |
$39,501,750 |
$14,575,978
$2,330,603 |
$22,595,169 |
| 27 |
$41,476,450 |
$15,306,617
$2,447,111 |
$23,722,722 |
| 28 |
$43,550,350 |
$16,073,960
$2,569,471 |
$24,906,919 |
| 29 |
$45,728,100 |
$16,879,727
$2,697,958 |
$26,150,415 |
| 30 |
$48,014,350 |
$17,725,640
$2,832,847 |
$27,455,863 |
|
|
