USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Jan 9, 2002

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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 Powerball 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 $49,100,000 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:Wed, Jan 9, 2002
Jackpot:$49,100,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$875,458$282,107$51,652$541,699
2$910,476$295,064$53,718$561,694
3$946,895$308,539$55,867$582,489
4$984,771$322,553$58,101$604,117
5$1,024,162$337,128$60,426$626,609
6$1,065,128$352,285$62,843$650,001
7$1,107,733$368,049$65,356$674,328
8$1,152,043$384,444$67,971$699,629
9$1,198,125$401,494$70,689$725,941
10$1,246,050$419,226$73,517$753,307
11$1,295,892$437,668$76,458$781,766
12$1,347,727$456,847$79,516$811,364
13$1,401,636$476,793$82,697$842,147
14$1,457,702$497,537$86,004$874,160
15$1,516,010$519,111$89,445$907,454
16$1,576,650$541,548$93,022$942,079
17$1,639,716$564,883$96,743$978,090
18$1,705,305$589,151$100,613$1,015,541
19$1,773,517$614,389$104,638$1,054,490
20$1,844,458$640,637$108,823$1,094,998
21$1,918,236$667,935$113,176$1,137,125
22$1,994,965$696,325$117,703$1,180,938
23$2,074,764$725,850$122,411$1,226,503
24$2,157,755$756,557$127,308$1,273,890
25$2,244,065$788,492$132,400$1,323,173
26$2,333,827$821,704$137,696$1,374,428
27$2,427,180$856,245$143,204$1,427,732
28$2,524,268$892,167$148,932$1,483,169
29$2,625,238$929,526$154,889$1,540,823
30$2,730,248$968,379$161,085$1,600,784
Total$49,100,000$16,912,633$2,896,903$29,290,468

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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.