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New Mexico Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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The tax information provided here is based on 2022 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 $451,000,000 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:Fri, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$400,504$3,913,106
2$7,127,607$2,600,170$420,529$4,106,909
3$7,483,987$2,732,030$441,555$4,310,402
4$7,858,187$2,870,484$463,633$4,524,070
5$8,251,096$3,015,861$486,815$4,748,421
6$8,663,651$3,168,506$511,155$4,983,990
7$9,096,834$3,328,783$536,713$5,231,337
8$9,551,675$3,497,075$563,549$5,491,052
9$10,029,259$3,673,781$591,726$5,763,752
10$10,530,722$3,859,322$621,313$6,050,087
11$11,057,258$4,054,140$652,378$6,350,739
12$11,610,121$4,258,700$684,997$6,666,424
13$12,190,627$4,473,487$719,247$6,997,893
14$12,800,158$4,699,014$755,209$7,345,935
15$13,440,166$4,935,816$792,970$7,711,380
16$14,112,175$5,184,460$832,618$8,095,097
17$14,817,783$5,445,535$874,249$8,497,999
18$15,558,672$5,719,664$917,962$8,921,047
19$16,336,606$6,007,499$963,860$9,365,247
20$17,153,436$6,309,726$1,012,053$9,831,657
21$18,011,108$6,627,065$1,062,655$10,321,388
22$18,911,663$6,960,270$1,115,788$10,835,605
23$19,857,247$7,310,136$1,171,578$11,375,533
24$20,850,109$7,677,495$1,230,156$11,942,457
25$21,892,614$8,063,222$1,291,664$12,537,728
26$22,987,245$8,468,236$1,356,247$13,162,762
27$24,136,608$8,893,500$1,424,060$13,819,048
28$25,343,438$9,340,027$1,495,263$14,508,148
29$26,610,610$9,808,881$1,570,026$15,231,703
30$27,941,140$10,301,177$1,648,527$15,991,436
Total$451,000,001$165,758,650$26,608,999$258,632,352

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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.