USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Rhode Island (Aug. 4, 2017 Drawing)

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $323,000,000 would be for a resident of Rhode Island, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Rhode Island

Drawing Date:  Aug. 4, 2017
Jackpot:$323,000,000
Federal Tax:  24%
State Tax:5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,861,614$1,166,787$291,211$3,403,616
2$5,104,694$1,225,127$305,771$3,573,796
3$5,359,929$1,286,383$321,060$3,752,486
4$5,627,926$1,350,702$337,113$3,940,111
5$5,909,321$1,418,237$353,968$4,137,116
6$6,204,788$1,489,149$371,667$4,343,972
7$6,515,027$1,563,607$390,250$4,561,171
8$6,840,779$1,641,787$409,763$4,789,229
9$7,182,817$1,723,876$430,251$5,028,691
10$7,541,958$1,810,070$451,763$5,280,125
11$7,919,056$1,900,573$474,351$5,544,131
12$8,315,009$1,995,602$498,069$5,821,338
13$8,730,759$2,095,382$522,972$6,112,405
14$9,167,297$2,200,151$549,121$6,418,025
15$9,625,662$2,310,159$576,577$6,738,926
16$10,106,946$2,425,667$605,406$7,075,873
17$10,612,293$2,546,950$635,676$7,429,666
18$11,142,907$2,674,298$667,460$7,801,149
19$11,700,053$2,808,013$700,833$8,191,207
20$12,285,055$2,948,413$735,875$8,600,767
21$12,899,308$3,095,834$772,669$9,030,806
22$13,544,273$3,250,626$811,302$9,482,346
23$14,221,487$3,413,157$851,867$9,956,463
24$14,932,561$3,583,815$894,460$10,454,286
25$15,679,189$3,763,005$939,183$10,977,000
26$16,463,149$3,951,156$986,143$11,525,851
27$17,286,307$4,148,714$1,035,450$12,102,143
28$18,150,622$4,356,149$1,087,222$12,707,250
29$19,058,153$4,573,957$1,141,583$13,342,613
30$20,011,061$4,802,655$1,198,663$14,009,744
Total$323,000,001$77,520,000$19,347,700$226,132,300
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.