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New Mexico Mega Millions Jackpot Annuity Payout Schedule for Jun 20, 2025

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The tax information provided here is based on 2025 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 $302,000,000 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 money, as well as deductions claimed.

State:

New Mexico

Drawing Date:Fri, Jun 20, 2025
Jackpot:$302,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,545,533$1,638,868$268,186$2,638,479
2$4,772,810$1,722,960$281,596$2,768,254
3$5,011,451$1,811,257$295,676$2,904,518
4$5,262,023$1,903,969$310,459$3,047,595
5$5,525,124$2,001,316$325,982$3,197,826
6$5,801,380$2,103,531$342,281$3,355,568
7$6,091,450$2,210,857$359,396$3,521,197
8$6,396,022$2,323,548$377,365$3,695,108
9$6,715,823$2,441,875$396,234$3,877,715
10$7,051,614$2,566,118$416,045$4,069,451
11$7,404,195$2,696,572$436,848$4,270,775
12$7,774,405$2,833,550$458,690$4,482,165
13$8,163,125$2,977,376$481,624$4,704,124
14$8,571,281$3,128,394$505,706$4,937,181
15$8,999,845$3,286,963$530,991$5,181,891
16$9,449,838$3,453,460$557,540$5,438,837
17$9,922,329$3,628,282$585,417$5,708,630
18$10,418,446$3,811,845$614,688$5,991,912
19$10,939,368$4,004,586$645,423$6,289,359
20$11,486,337$4,206,965$677,694$6,601,678
21$12,060,653$4,419,462$711,579$6,929,613
22$12,663,686$4,642,584$747,157$7,273,944
23$13,296,870$4,876,862$784,515$7,635,493
24$13,961,714$5,122,854$823,741$8,015,118
25$14,659,799$5,381,146$864,928$8,413,725
26$15,392,790$5,652,352$908,175$8,832,263
27$16,162,429$5,937,119$953,583$9,271,727
28$16,970,550$6,236,124$1,001,262$9,733,164
29$17,819,078$6,550,079$1,051,326$10,217,673
30$18,710,032$6,879,732$1,103,892$10,726,408
Total$302,000,001$110,450,606$17,817,999$173,731,391

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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.