USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Sep 7, 2002

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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 $77,300,000 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, Sep 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$82,558$828,730
2$1,433,397$487,377$85,861$860,160
3$1,490,733$508,592$89,295$892,847
4$1,550,363$530,654$92,867$926,841
5$1,612,377$553,600$96,581$962,196
6$1,676,872$577,463$100,445$998,965
7$1,743,947$602,281$104,462$1,037,204
8$1,813,705$628,091$108,641$1,076,973
9$1,886,253$654,934$112,987$1,118,333
10$1,961,703$682,850$117,506$1,161,347
11$2,040,171$711,884$122,206$1,206,081
12$2,121,778$742,078$127,095$1,252,606
13$2,206,649$773,481$132,178$1,300,991
14$2,294,915$806,139$137,465$1,351,311
15$2,386,712$840,104$142,964$1,403,644
16$2,482,180$875,427$148,683$1,458,071
17$2,581,468$912,163$154,630$1,514,674
18$2,684,726$950,369$160,815$1,573,542
19$2,792,115$990,103$167,248$1,634,765
20$2,903,800$1,031,426$173,938$1,698,436
21$3,019,952$1,074,402$180,895$1,764,654
22$3,140,750$1,119,098$188,131$1,833,521
23$3,266,380$1,165,581$195,656$1,905,143
24$3,397,035$1,213,923$203,482$1,979,630
25$3,532,917$1,264,199$211,622$2,057,096
26$3,674,233$1,316,487$220,087$2,137,660
27$3,821,203$1,370,865$228,890$2,221,447
28$3,974,051$1,427,419$238,046$2,308,586
29$4,133,013$1,486,235$247,567$2,399,210
30$4,298,333$1,547,404$257,470$2,493,460
Total$77,300,000$27,311,608$4,630,271$45,358,124

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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.