USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $134,100,000 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:Sat, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$842,864$141,070$1,407,083
2$2,486,657$878,251$146,713$1,461,693
3$2,586,123$915,053$152,581$1,518,489
4$2,689,568$953,328$158,685$1,577,556
5$2,797,151$993,134$165,032$1,638,985
6$2,909,037$1,034,531$171,633$1,702,872
7$3,025,398$1,077,585$178,499$1,769,315
8$3,146,414$1,122,361$185,638$1,838,415
9$3,272,271$1,168,928$193,064$1,910,279
10$3,403,162$1,217,358$200,787$1,985,018
11$3,539,288$1,267,724$208,818$2,062,746
12$3,680,860$1,320,106$217,171$2,143,583
13$3,828,094$1,374,583$225,858$2,227,654
14$3,981,218$1,431,238$234,892$2,315,088
15$4,140,467$1,490,160$244,288$2,406,019
16$4,306,085$1,551,439$254,059$2,500,587
17$4,478,329$1,615,169$264,221$2,598,938
18$4,657,462$1,681,449$274,790$2,701,223
19$4,843,760$1,750,379$285,782$2,807,599
20$5,037,511$1,822,067$297,213$2,918,231
21$5,239,011$1,896,622$309,102$3,033,288
22$5,448,572$1,974,159$321,466$3,152,947
23$5,666,514$2,054,798$334,324$3,277,392
24$5,893,175$2,138,663$347,697$3,406,815
25$6,128,902$2,225,881$361,605$3,541,415
26$6,374,058$2,316,589$376,069$3,681,399
27$6,629,020$2,410,925$391,112$3,826,983
28$6,894,181$2,509,035$406,757$3,978,390
29$7,169,948$2,611,069$423,027$4,135,853
30$7,456,746$2,717,184$439,948$4,299,614
Total$134,100,000$48,362,632$7,911,901$77,825,469

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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.