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Jackpot Analysis For New Mexico
Powerball |
domingo, 04/12/2005 |
Annuity |
Cash |
Jackpot Amount |
$15,000,000 |
$7,300,000 |
Gross Prize |
30
Annual Payments of $500,000 |
Lump-Sum Cash $7,300,000 |
Less 25% Federal Tax |
-$125,000 |
-$1,825,000 |
Less 6.0% State Tax |
-$30,000 |
-$438,000 |
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Yearly Net Pay: $345,000
Total Pay After 30 payments:
$10,350,000 |
Lump-Sum Net Payout: $5,037,000 |
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