USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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 money, as well as deductions claimed.

State:

New Mexico

Drawing Date:Sat, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,816,573$296,337$2,909,753
2$5,273,797$1,909,493$311,154$3,053,150
3$5,537,487$2,007,058$326,712$3,203,717
4$5,814,361$2,109,501$343,047$3,361,813
5$6,105,079$2,217,067$360,200$3,527,812
6$6,410,333$2,330,011$378,210$3,702,113
7$6,730,850$2,448,602$397,120$3,885,128
8$7,067,393$2,573,123$416,976$4,077,293
9$7,420,762$2,703,870$437,825$4,279,067
10$7,791,800$2,841,154$459,716$4,490,930
11$8,181,390$2,985,302$482,702$4,713,386
12$8,590,460$3,136,658$506,837$4,946,965
13$9,019,983$3,295,581$532,179$5,192,222
14$9,470,982$3,462,451$558,788$5,449,743
15$9,944,531$3,637,664$586,727$5,720,139
16$10,441,758$3,821,638$616,064$6,004,056
17$10,963,845$4,014,811$646,867$6,302,168
18$11,512,038$4,217,642$679,210$6,615,186
19$12,087,639$4,430,614$713,171$6,943,854
20$12,692,022$4,654,236$748,829$7,288,957
21$13,326,623$4,889,038$786,271$7,651,314
22$13,992,954$5,135,581$825,584$8,031,789
23$14,692,601$5,394,450$866,863$8,431,288
24$15,427,231$5,666,263$910,207$8,850,761
25$16,198,593$5,951,667$955,717$9,291,209
26$17,008,523$6,251,341$1,003,503$9,753,679
27$17,858,949$6,565,999$1,053,678$10,239,272
28$18,751,896$6,896,389$1,106,362$10,749,145
29$19,689,491$7,243,299$1,161,680$11,284,512
30$20,673,966$7,607,555$1,219,764$11,846,647
Total$333,700,001$122,214,631$19,688,300$191,797,068

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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.