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New Mexico Powerball Jackpot Annuity Payout Schedule for Nov 28, 2022

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The tax information provided here is based on 2025 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 $54,800,000 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 money, as well as deductions claimed.

State:

New Mexico

Drawing Date:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$262,203$48,664$513,951
2$866,060$277,462$51,098$537,500
3$909,363$293,484$53,652$562,226
4$954,831$310,308$56,335$588,188
5$1,002,572$327,972$59,152$615,448
6$1,052,701$346,520$62,109$644,072
7$1,105,336$365,995$65,215$674,127
8$1,160,603$386,443$68,476$705,684
9$1,218,633$407,914$71,899$738,819
10$1,279,564$430,459$75,494$773,611
11$1,343,543$454,131$79,269$810,143
12$1,410,720$478,987$83,232$848,501
13$1,481,256$505,085$87,394$888,777
14$1,555,319$532,488$91,764$931,067
15$1,633,084$561,262$96,352$975,471
16$1,714,739$591,474$101,170$1,022,096
17$1,800,476$623,196$106,228$1,071,051
18$1,890,499$656,505$111,539$1,122,455
19$1,985,024$691,479$117,116$1,176,429
20$2,084,276$728,202$122,972$1,233,101
21$2,188,489$766,761$129,121$1,292,607
22$2,297,914$807,248$135,577$1,355,089
23$2,412,810$849,760$142,356$1,420,694
24$2,533,450$894,397$149,474$1,489,580
25$2,660,123$941,266$156,947$1,561,910
26$2,793,129$990,478$164,795$1,637,856
27$2,932,785$1,042,151$173,034$1,717,600
28$3,079,424$1,096,407$181,686$1,801,331
29$3,233,396$1,153,377$190,770$1,889,249
30$3,395,065$1,213,194$200,309$1,981,562
Total$54,800,000$18,986,608$3,233,199$32,580,195

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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.