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New Mexico Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 2022

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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 $210,000,000 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, Sep 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,126,517$186,487$1,847,797
2$3,318,841$1,184,992$195,812$1,938,038
3$3,484,783$1,246,390$205,602$2,032,791
4$3,659,023$1,310,859$215,882$2,132,282
5$3,841,974$1,378,551$226,676$2,236,747
6$4,034,072$1,449,627$238,010$2,346,435
7$4,235,776$1,524,257$249,911$2,461,608
8$4,447,565$1,602,619$262,406$2,582,539
9$4,669,943$1,684,899$275,527$2,709,517
10$4,903,440$1,771,293$289,303$2,842,844
11$5,148,612$1,862,007$303,768$2,982,837
12$5,406,043$1,957,256$318,957$3,129,830
13$5,676,345$2,057,268$334,904$3,284,173
14$5,960,162$2,162,280$351,650$3,446,233
15$6,258,171$2,272,543$369,232$3,616,395
16$6,571,079$2,388,320$387,694$3,795,066
17$6,899,633$2,509,884$407,078$3,982,670
18$7,244,615$2,637,528$427,432$4,179,655
19$7,606,845$2,771,553$448,804$4,386,488
20$7,987,188$2,912,280$471,244$4,603,664
21$8,386,547$3,060,043$494,806$4,831,698
22$8,805,874$3,215,194$519,547$5,071,134
23$9,246,168$3,378,102$545,524$5,322,542
24$9,708,476$3,549,157$572,800$5,586,520
25$10,193,900$3,728,763$601,440$5,863,697
26$10,703,595$3,917,351$631,512$6,154,733
27$11,238,775$4,115,367$663,088$6,460,320
28$11,800,714$4,323,284$696,242$6,781,187
29$12,390,749$4,541,598$731,054$7,118,098
30$13,010,287$4,770,826$767,607$7,471,854
Total$210,000,000$76,410,608$12,389,999$121,199,392

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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.