ALBUQUERQUE – The New Mexico Lottery is adding fun and games to tax season.
In the “$50,000 Taxes Paid” Scratcher™, the $50,000 prize advertised on the $5 ticket is the after-tax amount.
“Unlike the tax code, the game’s top prize is crystal clear,” said Karla Wilkinson, New Mexico Lottery product director. “The big winners will be taking home $50,000.”
Wilkinson added that before taxes, the top prize is approximately $72,000. In New Mexico, 6 percent in state tax and 25 percent in federal tax is withheld from all lottery prizes greater than $5,000.
In addition to a top prize, the “$50,000 Taxes Paid” game gives players a chance to win up to 15 times on a single ticket. The game’s other prizes range between $5 and $1,000.
The $1“ Rapid Refund” Scratcher has top prizes of $1,000. The game includes a symbol that triples prizes.
For the lovers of romance, the “Betty Boop™ Limited” Scratcher doubles as a playful Valentine. The $2 game features top prizes of $10,000.
Also new in stores now is “Lucky Numbers Bingo,” a $3 Scratcher featuring top prizes of $25,000. There is also a drawing game version of “Lucky Numbers Bingo.” The drawing game tickets print from the same in-store sales terminals that print tickets for games such as Powerball® and Hot Lotto®.
Legislative Lottery Scholarships
Since its inception in 1996, the lottery has raised $632.9 million for education in New Mexico. More than 97,000 students have attended college on Legislative Lottery Scholarships. More information about Legislative Lottery Scholarships is available at www.nmlottery.com.
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