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New Mexico Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $850,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

New Mexico

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$767,623$7,328,348
2$13,433,406$4,934,432$806,004$7,692,969
3$14,105,076$5,182,950$846,305$8,075,821
4$14,810,330$5,443,894$888,620$8,477,816
5$15,550,846$5,717,885$933,051$8,899,910
6$16,328,389$6,005,576$979,703$9,343,109
7$17,144,809$6,307,651$1,028,689$9,808,469
8$18,002,049$6,624,830$1,080,123$10,297,096
9$18,902,151$6,957,868$1,134,129$10,810,154
10$19,847,259$7,307,558$1,190,836$11,348,865
11$20,839,622$7,674,732$1,250,377$11,914,512
12$21,881,603$8,060,265$1,312,896$12,508,441
13$22,975,683$8,465,075$1,378,541$13,132,067
14$24,124,467$8,890,125$1,447,468$13,786,874
15$25,330,690$9,336,428$1,519,841$14,474,421
16$26,597,225$9,805,046$1,595,834$15,196,346
17$27,927,086$10,297,094$1,675,625$15,954,367
18$29,323,440$10,813,745$1,759,406$16,750,289
19$30,789,612$11,356,229$1,847,377$17,586,007
20$32,329,093$11,925,837$1,939,746$18,463,511
21$33,945,547$12,523,925$2,036,733$19,384,890
22$35,642,825$13,151,917$2,138,569$20,352,338
23$37,424,966$13,811,310$2,245,498$21,368,158
24$39,296,214$14,503,671$2,357,773$22,434,770
25$41,261,025$15,230,651$2,475,661$23,554,712
26$43,324,077$15,993,981$2,599,445$24,730,651
27$45,490,280$16,795,476$2,729,417$25,965,388
28$47,764,794$17,637,046$2,865,888$27,261,860
29$50,153,034$18,520,695$3,009,182$28,623,157
30$52,660,686$19,448,526$3,159,641$30,052,519
Total$850,000,002$313,422,167$51,000,001$485,577,835

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.