USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Mar 18, 2000

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The tax information provided here is based on 2026 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 $18,900,000 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 money, as well as deductions claimed.

State:

Rhode Island

Drawing Date:Sat, Mar 18, 2000
Jackpot:$18,900,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$336,989$86,715$20,186$230,088
2$350,468$91,433$20,993$238,042
3$364,487$96,340$21,833$246,315
4$379,067$101,443$22,706$254,918
5$394,229$106,750$23,614$263,865
6$409,998$112,269$24,559$273,171
7$426,398$118,009$25,541$282,848
8$443,454$123,978$26,563$292,913
9$461,193$130,187$27,625$303,380
10$479,640$136,643$28,730$314,266
11$498,826$143,358$29,880$325,588
12$518,779$150,342$31,075$337,362
13$539,530$157,605$32,318$349,607
14$561,111$165,158$33,611$362,342
15$583,556$173,014$34,955$375,587
16$606,898$181,184$36,353$389,361
17$631,174$189,680$37,807$403,686
18$656,421$198,833$39,320$418,268
19$682,678$208,548$40,892$433,237
20$709,985$218,652$42,528$448,805
21$738,384$229,159$44,229$464,996
22$767,919$240,087$45,998$481,834
23$798,636$251,453$47,838$499,345
24$830,582$263,272$49,752$517,557
25$863,805$275,565$51,742$536,498
26$898,357$288,349$53,812$556,196
27$934,291$301,645$55,964$576,682
28$971,663$315,473$58,203$597,988
29$1,010,530$329,853$60,531$620,146
30$1,050,951$344,809$62,952$643,190
Total$18,900,000$5,729,806$1,132,110$12,038,081

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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.