USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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 prize money, as well as deductions claimed.

State:

New Mexico

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$397,662$3,885,604
2$7,077,034$2,581,458$417,545$4,078,032
3$7,430,886$2,712,383$438,422$4,280,081
4$7,802,430$2,849,854$460,343$4,492,233
5$8,192,552$2,994,199$483,361$4,714,992
6$8,602,179$3,145,761$507,529$4,948,889
7$9,032,289$3,304,902$532,905$5,194,482
8$9,483,903$3,471,999$559,550$5,452,354
9$9,958,098$3,647,451$587,528$5,723,119
10$10,456,003$3,831,676$616,904$6,007,423
11$10,978,803$4,025,112$647,749$6,305,942
12$11,527,743$4,228,220$680,137$6,619,386
13$12,104,130$4,441,483$714,144$6,948,503
14$12,709,337$4,665,410$749,851$7,294,076
15$13,344,804$4,900,532$787,343$7,656,928
16$14,012,044$5,147,411$826,711$8,037,922
17$14,712,646$5,406,634$868,046$8,437,966
18$15,448,278$5,678,818$911,448$8,858,012
19$16,220,692$5,964,611$957,021$9,299,060
20$17,031,727$6,264,694$1,004,872$9,762,161
21$17,883,313$6,579,781$1,055,115$10,248,417
22$18,777,479$6,910,622$1,107,871$10,758,985
23$19,716,353$7,258,006$1,163,265$11,295,082
24$20,702,170$7,622,758$1,221,428$11,857,984
25$21,737,279$8,005,748$1,282,499$12,449,031
26$22,824,143$8,407,888$1,346,624$13,069,631
27$23,965,350$8,830,135$1,413,956$13,721,260
28$25,163,617$9,273,493$1,484,653$14,405,470
29$26,421,798$9,739,020$1,558,886$15,123,892
30$27,742,888$10,227,824$1,636,830$15,878,234
Total$447,800,001$164,574,650$26,420,198$256,805,151

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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.