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

Powerball Annuity Jackpot Analysis for Rhode Island (Oct. 24, 2018 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 $602,500,000 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:  Oct. 24, 2018
Jackpot:$602,500,000
Federal Tax:  24%
State Tax:5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,068,490$2,176,438$543,203$6,348,850
2$9,521,914$2,285,259$570,363$6,666,292
3$9,998,010$2,399,522$598,881$6,999,607
4$10,497,911$2,519,499$628,825$7,349,587
5$11,022,806$2,645,473$660,266$7,717,066
6$11,573,946$2,777,747$693,279$8,102,920
7$12,152,644$2,916,634$727,943$8,508,066
8$12,760,276$3,062,466$764,341$8,933,469
9$13,398,290$3,215,589$802,558$9,380,143
10$14,068,204$3,376,369$842,685$9,849,150
11$14,771,614$3,545,187$884,820$10,341,607
12$15,510,195$3,722,447$929,061$10,858,687
13$16,285,705$3,908,569$975,514$11,401,622
14$17,099,990$4,103,998$1,024,289$11,971,703
15$17,954,989$4,309,197$1,075,504$12,570,288
16$18,852,739$4,524,657$1,129,279$13,198,803
17$19,795,375$4,750,890$1,185,743$13,858,742
18$20,785,144$4,988,435$1,245,030$14,551,680
19$21,824,401$5,237,856$1,307,282$15,279,263
20$22,915,622$5,499,749$1,372,646$16,043,227
21$24,061,403$5,774,737$1,441,278$16,845,388
22$25,264,473$6,063,473$1,513,342$17,687,657
23$26,527,697$6,366,647$1,589,009$18,572,040
24$27,854,081$6,684,979$1,668,459$19,500,642
25$29,246,785$7,019,228$1,751,882$20,475,674
26$30,709,125$7,370,190$1,839,477$21,499,458
27$32,244,581$7,738,699$1,931,450$22,574,431
28$33,856,810$8,125,634$2,028,023$23,703,152
29$35,549,650$8,531,916$2,129,424$24,888,310
30$37,327,133$8,958,512$2,235,895$26,132,726
Total$602,500,001$144,600,000$36,089,750$421,810,251
<( 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.