USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Dec 31, 2011

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

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 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 $25,000,000 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:Sat, Dec 31, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$26,299$293,892
2$463,583$131,801$27,351$304,430
3$482,126$138,291$28,445$315,389
4$501,411$145,041$29,583$326,787
5$521,467$152,061$30,767$338,640
6$542,326$159,361$31,997$350,967
7$564,019$166,954$33,277$363,788
8$586,580$174,850$34,608$377,121
9$610,043$183,062$35,993$390,988
10$634,445$191,765$37,432$405,248
11$659,823$201,155$38,930$419,738
12$686,215$210,920$40,487$434,809
13$713,664$221,076$42,106$450,482
14$742,211$231,638$43,790$466,782
15$771,899$242,623$45,542$483,734
16$802,775$254,047$47,364$501,364
17$834,886$265,928$49,258$519,700
18$868,281$278,284$51,229$538,768
19$903,013$291,135$53,278$558,600
20$939,133$304,500$55,409$579,225
21$976,699$318,399$57,625$600,675
22$1,015,767$332,854$59,930$622,982
23$1,056,397$347,887$62,327$646,183
24$1,098,653$363,522$64,821$670,311
25$1,142,599$379,782$67,413$695,404
26$1,188,303$396,692$70,110$721,501
27$1,235,835$414,279$72,914$748,642
28$1,285,269$432,570$75,831$776,868
29$1,336,679$451,592$78,864$806,224
30$1,390,147$471,374$82,019$836,753
Total$25,000,000$7,979,004$1,474,999$15,545,995

◄ 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.