USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2022 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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$189,040$1,866,568
2$3,332,232$1,195,881$196,602$1,939,749
3$3,465,521$1,245,198$204,466$2,015,857
4$3,604,142$1,296,487$212,644$2,095,010
5$3,748,307$1,349,829$221,150$2,177,328
6$3,898,240$1,405,304$229,996$2,262,940
7$4,054,169$1,462,998$239,196$2,351,976
8$4,216,336$1,522,999$248,764$2,444,573
9$4,384,989$1,585,401$258,714$2,540,874
10$4,560,389$1,650,299$269,063$2,641,027
11$4,742,805$1,717,793$279,825$2,745,186
12$4,932,517$1,787,986$291,018$2,853,512
13$5,129,817$1,860,987$302,659$2,966,171
14$5,335,010$1,936,909$314,766$3,083,336
15$5,548,411$2,015,867$327,356$3,205,187
16$5,770,347$2,097,983$340,450$3,331,913
17$6,001,161$2,183,384$354,068$3,463,708
18$6,241,207$2,272,202$368,231$3,600,774
19$6,490,856$2,364,572$382,960$3,743,324
20$6,750,490$2,460,636$398,279$3,891,575
21$7,020,509$2,560,543$414,210$4,045,756
22$7,301,330$2,664,447$430,778$4,206,104
23$7,593,383$2,772,507$448,010$4,372,867
24$7,897,118$2,884,889$465,930$4,546,299
25$8,213,003$3,001,766$484,567$4,726,670
26$8,541,523$3,123,319$503,950$4,914,255
27$8,883,184$3,249,733$524,108$5,109,343
28$9,238,511$3,381,204$545,072$5,312,235
29$9,608,052$3,517,934$566,875$5,523,243
30$9,992,374$3,660,133$589,550$5,742,690
Total$179,700,000$65,377,650$10,602,297$103,720,050

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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.