USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for May 13, 2000

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The tax information provided here is based on 2025 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 $35,100,000 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, May 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$188,590$37,488$399,759
2$650,870$197,842$38,987$414,041
3$676,905$207,475$40,547$428,883
4$703,981$217,493$42,168$444,319
5$732,140$227,912$43,855$460,373
6$761,426$238,748$45,609$477,069
7$791,883$250,017$47,434$494,432
8$823,558$261,737$49,331$512,490
9$856,500$273,925$51,304$531,271
10$890,760$286,602$53,357$550,802
11$926,391$299,785$55,491$571,115
12$963,447$313,495$57,710$592,241
13$1,001,984$327,754$60,019$614,211
14$1,042,064$342,584$62,420$637,060
15$1,083,746$358,006$64,916$660,824
16$1,127,096$374,046$67,513$685,537
17$1,172,180$390,727$70,214$711,240
18$1,219,067$408,075$73,022$737,970
19$1,267,830$426,117$75,943$765,770
20$1,318,543$444,881$78,981$794,681
21$1,371,285$464,396$82,140$824,749
22$1,426,136$484,691$85,426$856,020
23$1,483,182$505,797$88,843$888,542
24$1,542,509$527,749$92,396$922,364
25$1,604,209$550,578$96,092$957,539
26$1,668,378$574,320$99,936$994,122
27$1,735,113$599,012$103,933$1,032,168
28$1,804,517$624,692$108,091$1,071,735
29$1,876,698$651,398$112,414$1,112,885
30$1,951,766$679,174$116,911$1,155,681
Total$35,100,000$11,697,618$2,102,491$21,299,893

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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.