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Rhode Island Powerball Jackpot Annuity Payout Schedule for Jan 30, 2023

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $606,600,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Rhode Island

Drawing Date:Mon, Jan 30, 2023
Jackpot:$606,600,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,130,200$3,341,129$546,899$5,242,172
2$9,586,711$3,510,038$574,244$5,502,429
3$10,066,046$3,687,392$602,956$5,775,698
4$10,569,349$3,873,614$633,104$6,062,631
5$11,097,816$4,069,147$664,759$6,363,910
6$11,652,707$4,274,456$697,997$6,680,253
7$12,235,342$4,490,032$732,897$7,012,414
8$12,847,109$4,716,385$769,542$7,361,182
9$13,489,465$4,954,057$808,019$7,727,389
10$14,163,938$5,203,612$848,420$8,111,906
11$14,872,135$5,465,645$890,841$8,515,649
12$15,615,741$5,740,779$935,383$8,939,579
13$16,396,528$6,029,671$982,152$9,384,706
14$17,216,355$6,333,006$1,031,260$9,852,089
15$18,077,173$6,651,509$1,082,823$10,342,841
16$18,981,031$6,985,937$1,136,964$10,858,131
17$19,930,083$7,337,086$1,193,812$11,399,185
18$20,926,587$7,705,792$1,253,503$11,967,292
19$21,972,916$8,092,934$1,316,178$12,563,804
20$23,071,562$8,499,433$1,381,987$13,190,143
21$24,225,140$8,926,257$1,451,086$13,847,797
22$25,436,397$9,374,422$1,523,640$14,538,335
23$26,708,217$9,844,995$1,599,822$15,263,400
24$28,043,628$10,339,097$1,679,813$16,024,717
25$29,445,809$10,857,904$1,763,804$16,824,101
26$30,918,100$11,402,652$1,851,994$17,663,454
27$32,464,005$11,974,637$1,944,594$18,544,774
28$34,087,205$12,575,221$2,041,824$19,470,160
29$35,791,565$13,205,834$2,143,915$20,441,816
30$37,581,144$13,867,978$2,251,110$21,462,055
Total$606,600,001$223,330,651$36,335,342$346,934,012

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.