USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for New Mexico

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $60,000,000 would be for a resident of New Mexico, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

New Mexico

Drawing Date:  Wed, Jul 30, 2014
Jackpot:$60,000,000
Federal Tax:  25%
State Tax:6.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$267,451$64,188$738,166
2$1,112,598$278,150$66,756$767,693
3$1,157,102$289,276$69,426$798,400
4$1,203,386$300,847$72,203$830,336
5$1,251,522$312,880$75,091$863,550
6$1,301,583$325,396$78,095$898,092
7$1,353,646$338,411$81,219$934,016
8$1,407,792$351,948$84,467$971,376
9$1,464,103$366,026$87,846$1,010,231
10$1,522,667$380,667$91,360$1,050,641
11$1,583,574$395,894$95,014$1,092,666
12$1,646,917$411,729$98,815$1,136,373
13$1,712,794$428,198$102,768$1,181,828
14$1,781,306$445,326$106,878$1,229,101
15$1,852,558$463,139$111,153$1,278,265
16$1,926,660$481,665$115,600$1,329,395
17$2,003,726$500,932$120,224$1,382,571
18$2,083,876$520,969$125,033$1,437,874
19$2,167,231$541,808$130,034$1,495,389
20$2,253,920$563,480$135,235$1,555,205
21$2,344,077$586,019$140,645$1,617,413
22$2,437,840$609,460$146,270$1,682,109
23$2,535,353$633,838$152,121$1,749,394
24$2,636,767$659,192$158,206$1,819,369
25$2,742,238$685,560$164,534$1,892,144
26$2,851,928$712,982$171,116$1,967,830
27$2,966,005$741,501$177,960$2,046,543
28$3,084,645$771,161$185,079$2,128,405
29$3,208,031$802,008$192,482$2,213,541
30$3,336,352$834,088$200,181$2,302,083
Total$60,000,000$15,000,000$3,600,000$41,400,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^

See more selections...


NetConnect
Internet domains, simple and cheap

Find a domain name:

  Home

The best selection at discount prices BOOKS & DVDs
Huge discounts!



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2014 Speednet Group.  All rights reserved.