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New Mexico Mega Millions Jackpot Annuity Payout Schedule for Apr 7, 2026

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The tax information provided here is based on 2026 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 $100,000,000 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, Apr 7, 2026
Jackpot:$100,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,505,144$512,860$88,803$903,480
2$1,580,401$540,706$93,244$946,452
3$1,659,421$569,943$97,906$991,572
4$1,742,392$600,642$102,801$1,038,948
5$1,829,511$632,876$107,941$1,088,694
6$1,920,987$666,722$113,338$1,140,926
7$2,017,036$702,261$119,005$1,195,770
8$2,117,888$739,576$124,955$1,253,357
9$2,223,783$778,757$131,203$1,313,823
10$2,334,972$819,897$137,763$1,377,312
11$2,451,720$863,094$144,651$1,443,975
12$2,574,306$908,451$151,884$1,513,972
13$2,703,022$956,075$159,478$1,587,468
14$2,838,173$1,006,081$167,452$1,664,639
15$2,980,081$1,058,587$175,825$1,745,669
16$3,129,085$1,113,719$184,616$1,830,750
17$3,285,540$1,171,607$193,847$1,920,086
18$3,449,817$1,232,389$203,539$2,013,888
19$3,622,307$1,296,211$213,716$2,112,380
20$3,803,423$1,363,224$224,402$2,215,797
21$3,993,594$1,433,587$235,622$2,324,385
22$4,193,274$1,507,468$247,403$2,438,402
23$4,402,937$1,585,044$259,773$2,558,120
24$4,623,084$1,666,498$272,762$2,683,824
25$4,854,238$1,752,025$286,400$2,815,813
26$5,096,950$1,841,829$300,720$2,954,401
27$5,351,798$1,936,122$315,756$3,099,919
28$5,619,388$2,035,131$331,544$3,252,713
29$5,900,357$2,139,089$348,121$3,413,147
30$6,195,375$2,248,246$365,527$3,581,602
Total$100,000,000$35,678,717$5,899,997$58,421,284

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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.