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 $158,000,000 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, Aug 8, 2020
Jackpot:$158,000,000
Federal Tax:  24%
State Tax:5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,378,127$570,750$142,450$1,664,927
2$2,497,033$599,288$149,572$1,748,173
3$2,621,885$629,252$157,051$1,835,581
4$2,752,979$660,715$164,903$1,927,361
5$2,890,628$693,751$173,149$2,023,729
6$3,035,159$728,438$181,806$2,124,915
7$3,186,917$764,860$190,896$2,231,161
8$3,346,263$803,103$200,441$2,342,719
9$3,513,576$843,258$210,463$2,459,855
10$3,689,255$885,421$220,986$2,582,848
11$3,873,718$929,692$232,036$2,711,990
12$4,067,404$976,177$243,637$2,847,589
13$4,270,774$1,024,986$255,819$2,989,969
14$4,484,313$1,076,235$268,610$3,139,467
15$4,708,528$1,130,047$282,041$3,296,441
16$4,943,955$1,186,549$296,143$3,461,263
17$5,191,152$1,245,877$310,950$3,634,326
18$5,450,710$1,308,170$326,498$3,816,042
19$5,723,246$1,373,579$342,822$4,006,844
20$6,009,408$1,442,258$359,964$4,207,186
21$6,309,878$1,514,371$377,962$4,417,546
22$6,625,372$1,590,089$396,860$4,638,423
23$6,956,641$1,669,594$416,703$4,870,344
24$7,304,473$1,753,073$437,538$5,113,861
25$7,669,696$1,840,727$459,415$5,369,554
26$8,053,181$1,932,764$482,386$5,638,032
27$8,455,840$2,029,402$506,505$5,919,934
28$8,878,632$2,130,872$531,830$6,215,930
29$9,322,564$2,237,415$558,422$6,526,727
30$9,788,692$2,349,286$586,343$6,853,063
Total$158,000,000$37,920,000$9,464,200$110,615,800
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2020 Speednet Group.  All rights reserved.