USA Mega

New Mexico Powerball Jackpot Annuity Payout Schedule for Mar 27, 2023

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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 $122,200,000 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, Mar 27, 2023
Jackpot:$122,200,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,839,285$637,556$108,518$1,093,212
2$1,931,250$671,583$113,944$1,145,723
3$2,027,812$707,311$119,641$1,200,860
4$2,129,203$744,825$125,623$1,258,755
5$2,235,663$784,215$131,904$1,319,543
6$2,347,446$825,575$138,499$1,383,371
7$2,464,818$869,003$145,424$1,450,391
8$2,588,059$914,602$152,695$1,520,762
9$2,717,462$962,481$160,330$1,594,651
10$2,853,335$1,012,754$168,347$1,672,234
11$2,996,002$1,065,541$176,764$1,753,697
12$3,145,802$1,120,967$185,602$1,839,233
13$3,303,092$1,179,164$194,882$1,929,045
14$3,468,247$1,240,272$204,627$2,023,349
15$3,641,659$1,304,434$214,858$2,122,367
16$3,823,742$1,371,805$225,601$2,226,337
17$4,014,929$1,442,544$236,881$2,335,504
18$4,215,676$1,516,820$248,725$2,450,131
19$4,426,460$1,594,810$261,161$2,570,488
20$4,647,783$1,676,700$274,219$2,696,864
21$4,880,172$1,762,684$287,930$2,829,558
22$5,124,180$1,852,967$302,327$2,968,887
23$5,380,389$1,947,764$317,443$3,115,182
24$5,649,409$2,047,301$333,315$3,268,792
25$5,931,879$2,151,816$349,981$3,430,083
26$6,228,473$2,261,555$367,480$3,599,438
27$6,539,897$2,376,782$385,854$3,777,261
28$6,866,892$2,497,770$405,147$3,963,975
29$7,210,236$2,624,808$425,404$4,160,025
30$7,570,748$2,758,197$446,674$4,365,877
Total$122,200,000$43,924,606$7,209,800$71,065,595

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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.