USA Mega

New Mexico Mega Millions Jackpot Annuity Payout Schedule for Dec 20, 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 $465,000,000 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:Tue, Dec 20, 2022
Jackpot:$465,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,998,917$2,547,787$412,936$4,038,194
2$7,348,863$2,677,267$433,583$4,238,013
3$7,716,306$2,813,221$455,262$4,447,823
4$8,102,122$2,955,973$478,025$4,668,124
5$8,507,228$3,105,862$501,926$4,899,439
6$8,932,589$3,263,246$527,023$5,142,321
7$9,379,219$3,428,499$553,374$5,397,346
8$9,848,180$3,602,014$581,043$5,665,123
9$10,340,589$3,784,206$610,095$5,946,288
10$10,857,618$3,975,506$640,599$6,241,512
11$11,400,499$4,176,372$672,629$6,551,497
12$11,970,524$4,387,282$706,261$6,876,981
13$12,569,050$4,608,736$741,574$7,218,740
14$13,197,503$4,841,264$778,653$7,577,586
15$13,857,378$5,085,417$817,585$7,954,375
16$14,550,247$5,341,779$858,465$8,350,003
17$15,277,759$5,610,958$901,388$8,765,412
18$16,041,647$5,893,597$946,457$9,201,593
19$16,843,729$6,190,367$993,780$9,659,581
20$17,685,916$6,501,977$1,043,469$10,140,470
21$18,570,211$6,829,166$1,095,642$10,645,403
22$19,498,722$7,172,715$1,150,425$11,175,582
23$20,473,658$7,533,441$1,207,946$11,732,271
24$21,497,341$7,912,204$1,268,343$12,316,794
25$22,572,208$8,309,905$1,331,760$12,930,543
26$23,700,818$8,727,491$1,398,348$13,574,980
27$24,885,859$9,165,956$1,468,266$14,251,638
28$26,130,152$9,626,344$1,541,679$14,962,129
29$27,436,660$10,109,752$1,618,763$15,708,145
30$28,808,493$10,617,330$1,699,701$16,491,462
Total$465,000,001$170,795,634$27,435,000$266,769,368

◄ 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.