USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Nov 26, 2022

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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 $45,700,000 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 prize money, as well as deductions claimed.

State:

New Mexico

Drawing Date:Sat, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$40,583$429,808
2$722,243$230,185$42,612$449,446
3$758,355$243,546$44,743$470,066
4$796,273$257,576$46,980$491,717
5$836,087$272,307$49,329$514,450
6$877,891$287,775$51,796$538,321
7$921,786$304,016$54,385$563,385
8$967,875$321,069$57,105$589,702
9$1,016,269$338,974$59,960$617,334
10$1,067,082$357,775$62,958$646,349
11$1,120,436$377,516$66,106$676,814
12$1,176,458$398,244$69,411$708,802
13$1,235,281$420,009$72,882$742,390
14$1,297,045$442,862$76,526$777,658
15$1,361,897$466,857$80,352$814,688
16$1,429,992$492,052$84,370$853,570
17$1,501,492$518,507$88,588$894,397
18$1,576,566$546,284$93,017$937,264
19$1,655,394$575,451$97,668$982,275
20$1,738,164$606,076$102,552$1,029,537
21$1,825,072$638,232$107,679$1,079,161
22$1,916,326$671,996$113,063$1,131,267
23$2,012,142$707,448$118,716$1,185,978
24$2,112,749$744,672$124,652$1,243,425
25$2,218,387$783,758$130,885$1,303,744
26$2,329,306$824,798$137,429$1,367,079
27$2,445,772$867,890$144,301$1,433,581
28$2,568,060$913,137$151,516$1,503,407
29$2,696,463$960,646$159,091$1,576,725
30$2,831,286$1,010,531$167,046$1,653,709
Total$45,700,000$15,797,649$2,696,301$27,206,049

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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.