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

Powerball Annuity Jackpot Analysis for Rhode Island (Jan. 16, 2019 Drawing)

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 $112,000,000 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:  Jan. 16, 2019
Jackpot:$112,000,000
Federal Tax:  24%
State Tax:5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,685,761$404,583$100,977$1,180,201
2$1,770,049$424,812$106,026$1,239,211
3$1,858,551$446,052$111,327$1,301,172
4$1,951,479$468,355$116,894$1,366,230
5$2,049,053$491,773$122,738$1,434,542
6$2,151,505$516,361$128,875$1,506,269
7$2,259,081$542,179$135,319$1,581,582
8$2,372,035$569,288$142,085$1,660,661
9$2,490,636$597,753$149,189$1,743,695
10$2,615,168$627,640$156,649$1,830,879
11$2,745,927$659,022$164,481$1,922,423
12$2,883,223$691,974$172,705$2,018,544
13$3,027,384$726,572$181,340$2,119,472
14$3,178,753$762,901$190,407$2,225,445
15$3,337,691$801,046$199,928$2,336,717
16$3,504,576$841,098$209,924$2,453,553
17$3,679,804$883,153$220,420$2,576,231
18$3,863,794$927,311$231,441$2,705,043
19$4,056,984$973,676$243,013$2,840,295
20$4,259,833$1,022,360$255,164$2,982,309
21$4,472,825$1,073,478$267,922$3,131,425
22$4,696,466$1,127,152$281,318$3,287,996
23$4,931,290$1,183,510$295,384$3,452,396
24$5,177,854$1,242,685$310,153$3,625,016
25$5,436,747$1,304,819$325,661$3,806,266
26$5,708,584$1,370,060$341,944$3,996,580
27$5,994,013$1,438,563$359,041$4,196,409
28$6,293,714$1,510,491$376,993$4,406,229
29$6,608,400$1,586,016$395,843$4,626,541
30$6,938,820$1,665,317$415,635$4,857,868
Total$112,000,000$26,880,000$6,708,800$78,411,200
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



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