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

Powerball Annuity Jackpot Analysis for Rhode Island

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

The Powerball 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 $90,000,000 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:  Sat, May 28, 2016
Jackpot:$90,000,000
Federal Tax:  25%
State Tax:5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,354,629$338,657$81,142$934,830
2$1,422,361$355,590$85,199$981,571
3$1,493,479$373,370$89,459$1,030,650
4$1,568,153$392,038$93,932$1,082,182
5$1,646,560$411,640$98,629$1,136,291
6$1,728,888$432,222$103,560$1,193,106
7$1,815,333$453,833$108,738$1,252,761
8$1,906,099$476,525$114,175$1,315,399
9$2,001,404$500,351$119,884$1,381,169
10$2,101,474$525,369$125,878$1,450,228
11$2,206,548$551,637$132,172$1,522,739
12$2,316,876$579,219$138,781$1,598,876
13$2,432,719$608,180$145,720$1,678,820
14$2,554,355$638,589$153,006$1,762,761
15$2,682,073$670,518$160,656$1,850,899
16$2,816,177$704,044$168,689$1,943,444
17$2,956,986$739,246$177,123$2,040,616
18$3,104,835$776,209$185,980$2,142,647
19$3,260,077$815,019$195,279$2,249,779
20$3,423,080$855,770$205,043$2,362,268
21$3,594,234$898,559$215,295$2,480,381
22$3,773,946$943,487$226,059$2,604,400
23$3,962,643$990,661$237,362$2,734,620
24$4,160,776$1,040,194$249,230$2,871,351
25$4,368,814$1,092,204$261,692$3,014,919
26$4,587,255$1,146,814$274,777$3,165,665
27$4,816,618$1,204,154$288,515$3,323,948
28$5,057,449$1,264,362$302,941$3,490,145
29$5,310,321$1,327,580$318,088$3,664,653
30$5,575,837$1,393,959$333,993$3,847,885
Total$90,000,000$22,500,000$5,391,000$62,109,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2016 Speednet Group.  All rights reserved.