USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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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 $632,600,000 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, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,481,157$561,771$5,478,610
2$9,997,615$3,657,305$589,859$5,750,450
3$10,497,495$3,842,261$619,352$6,035,882
4$11,022,371$4,036,465$650,320$6,335,586
5$11,573,488$4,240,378$682,836$6,650,274
6$12,152,163$4,454,488$716,978$6,980,697
7$12,759,772$4,679,303$752,827$7,327,642
8$13,397,760$4,915,359$790,468$7,691,933
9$14,067,648$5,163,218$829,991$8,074,439
10$14,771,030$5,423,469$871,491$8,476,071
11$15,509,582$5,696,733$915,065$8,897,784
12$16,285,061$5,983,660$960,819$9,340,582
13$17,099,314$6,284,934$1,008,860$9,805,521
14$17,954,280$6,601,271$1,059,303$10,293,706
15$18,851,994$6,933,425$1,112,268$10,806,301
16$19,794,594$7,282,187$1,167,881$11,344,525
17$20,784,323$7,648,387$1,226,275$11,909,661
18$21,823,539$8,032,897$1,287,589$12,503,053
19$22,914,716$8,436,633$1,351,968$13,126,115
20$24,060,452$8,860,555$1,419,567$13,780,330
21$25,263,474$9,305,673$1,490,545$14,467,256
22$26,526,648$9,773,048$1,565,072$15,188,528
23$27,852,981$10,263,791$1,643,326$15,945,864
24$29,245,629$10,779,071$1,725,492$16,741,067
25$30,707,911$11,320,115$1,811,767$17,576,029
26$32,243,307$11,888,211$1,902,355$18,452,741
27$33,855,472$12,484,712$1,997,473$19,373,287
28$35,548,245$13,111,039$2,097,346$20,339,860
29$37,325,658$13,768,681$2,202,214$21,354,763
30$39,191,941$14,459,206$2,312,325$22,420,411
Total$632,600,001$232,807,632$37,323,403$362,468,968

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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.