USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for May 11, 2011

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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 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 $65,200,000 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, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$387,154$68,589$706,780
2$1,209,023$404,359$71,332$733,332
3$1,257,384$422,252$74,186$760,946
4$1,307,680$440,862$77,153$789,665
5$1,359,987$460,215$80,239$819,532
6$1,414,386$480,343$83,449$850,594
7$1,470,962$501,276$86,787$882,899
8$1,529,800$523,046$90,258$916,496
9$1,590,992$545,687$93,869$951,436
10$1,654,632$569,234$97,623$987,775
11$1,720,817$593,723$101,528$1,025,566
12$1,789,650$619,191$105,589$1,064,870
13$1,861,236$645,678$109,813$1,105,745
14$1,935,685$673,224$114,205$1,148,256
15$2,013,113$701,872$118,774$1,192,467
16$2,093,637$731,666$123,525$1,238,447
17$2,177,383$762,652$128,466$1,286,265
18$2,264,478$794,877$133,604$1,335,997
19$2,355,057$828,391$138,948$1,387,717
20$2,449,259$863,246$144,506$1,441,507
21$2,547,230$899,495$150,287$1,497,448
22$2,649,119$937,194$156,298$1,555,627
23$2,755,084$976,401$162,550$1,616,133
24$2,865,287$1,017,177$169,052$1,679,059
25$2,979,899$1,059,583$175,814$1,744,502
26$3,099,095$1,103,685$182,847$1,812,563
27$3,223,058$1,149,552$190,160$1,883,346
28$3,351,981$1,197,253$197,767$1,956,961
29$3,486,060$1,246,862$205,678$2,033,520
30$3,625,502$1,298,456$213,905$2,113,142
Total$65,200,000$22,834,606$3,846,801$38,518,593

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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.