USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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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 $20,300,000 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:Wed, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$21,681$244,040
2$376,429$101,297$22,548$252,584
3$391,486$106,567$23,450$261,469
4$407,146$112,048$24,388$270,709
5$423,431$117,748$25,364$280,320
6$440,369$123,676$26,378$290,314
7$457,983$129,841$27,433$300,709
8$476,303$136,253$28,531$311,519
9$495,355$142,921$29,672$322,762
10$515,169$149,856$30,859$334,454
11$535,776$157,069$32,093$346,614
12$557,207$164,570$33,377$359,261
13$579,495$172,371$34,712$372,413
14$602,675$180,484$36,100$386,091
15$626,782$188,930$37,544$400,308
16$651,853$198,206$39,046$414,601
17$677,927$207,853$40,608$429,466
18$705,045$217,887$42,232$444,926
19$733,246$228,321$43,921$461,003
20$762,576$239,173$45,678$477,724
21$793,079$250,460$47,505$495,114
22$824,802$262,197$49,406$513,200
23$857,795$274,404$51,382$532,008
24$892,106$287,100$53,437$551,570
25$927,791$300,303$55,575$571,913
26$964,902$314,034$57,798$593,070
27$1,003,498$328,315$60,110$615,074
28$1,043,638$343,166$62,514$637,958
29$1,085,384$358,612$65,014$661,757
30$1,128,799$374,676$67,615$686,508
Total$20,300,000$6,264,568$1,215,971$12,819,459

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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.