USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Apr 20, 2011

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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 $57,300,000 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, Apr 20, 2011
Jackpot:$57,300,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,021,665$336,204$60,278$625,183
2$1,062,531$351,324$62,689$648,518
3$1,105,033$367,050$65,197$672,786
4$1,149,234$383,404$67,805$698,025
5$1,195,203$400,413$70,517$724,273
6$1,243,011$418,102$73,338$751,572
7$1,292,732$436,498$76,271$779,962
8$1,344,441$455,631$79,322$809,488
9$1,398,219$475,529$82,495$840,195
10$1,454,147$496,222$85,795$872,130
11$1,512,313$517,744$89,226$905,343
12$1,572,806$540,126$92,796$939,884
13$1,635,718$563,403$96,507$975,807
14$1,701,147$587,612$100,368$1,013,167
15$1,769,193$612,789$104,382$1,052,021
16$1,839,960$638,973$108,558$1,092,430
17$1,913,559$666,205$112,900$1,134,454
18$1,990,101$694,525$117,416$1,178,160
19$2,069,705$723,979$122,113$1,223,614
20$2,152,493$754,610$126,997$1,270,886
21$2,238,593$786,467$132,077$1,320,049
22$2,328,137$819,598$137,360$1,371,178
23$2,421,262$854,055$142,854$1,424,353
24$2,518,113$889,889$148,569$1,479,655
25$2,618,837$927,158$154,511$1,537,168
26$2,723,591$965,916$160,692$1,596,983
27$2,832,534$1,006,225$167,120$1,659,189
28$2,945,836$1,048,147$173,804$1,723,885
29$3,063,669$1,091,745$180,756$1,791,167
30$3,186,216$1,137,088$187,987$1,861,142
Total$57,300,000$19,946,631$3,380,700$33,972,667

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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.