USA Mega

New Mexico Mega Millions Jackpot Annuity Payout Schedule for Nov 11, 2022

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

The tax information provided here is based on 2024 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 $189,000,000 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, Nov 11, 2022
Jackpot:$189,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,844,721$1,010,735$167,839$1,666,148
2$2,986,957$1,063,362$176,230$1,747,365
3$3,136,305$1,118,621$185,042$1,832,642
4$3,293,121$1,176,642$194,294$1,922,184
5$3,457,776$1,237,565$204,009$2,016,203
6$3,630,665$1,301,534$214,209$2,114,922
7$3,812,199$1,368,701$224,920$2,218,578
8$4,002,809$1,439,227$236,166$2,327,416
9$4,202,949$1,513,279$247,974$2,441,696
10$4,413,096$1,591,033$260,373$2,561,690
11$4,633,751$1,672,676$273,391$2,687,684
12$4,865,439$1,758,400$287,061$2,819,978
13$5,108,711$1,848,411$301,414$2,958,886
14$5,364,146$1,942,922$316,485$3,104,740
15$5,632,353$2,042,159$332,309$3,257,886
16$5,913,971$2,146,357$348,924$3,418,690
17$6,209,670$2,255,766$366,371$3,587,534
18$6,520,153$2,370,644$384,689$3,764,820
19$6,846,161$2,491,267$403,923$3,950,970
20$7,188,469$2,617,921$424,120$4,146,428
21$7,547,892$2,750,908$445,326$4,351,659
22$7,925,287$2,890,544$467,592$4,567,151
23$8,321,551$3,037,162$490,972$4,793,418
24$8,737,629$3,191,110$515,520$5,030,998
25$9,174,510$3,352,757$541,296$5,280,458
26$9,633,236$3,522,485$568,361$5,542,390
27$10,114,898$3,700,700$596,779$5,817,419
28$10,620,642$3,887,825$626,618$6,106,199
29$11,151,675$4,084,307$657,949$6,409,418
30$11,709,258$4,290,613$690,846$6,727,799
Total$189,000,000$68,675,633$11,151,002$109,173,369

◄ Back to Jackpot Analysis

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.