USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Mar 13, 2010

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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 $211,700,000 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 13, 2010
Jackpot:$211,700,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,774,632$1,352,571$226,100$2,195,960
2$3,925,617$1,408,436$235,144$2,282,037
3$4,082,642$1,466,535$244,550$2,371,557
4$4,245,948$1,526,958$254,332$2,464,657
5$4,415,786$1,589,798$264,506$2,561,482
6$4,592,417$1,655,152$275,086$2,662,180
7$4,776,114$1,723,119$286,089$2,766,905
8$4,967,158$1,793,806$297,533$2,875,820
9$5,165,845$1,867,320$309,434$2,989,091
10$5,372,478$1,943,774$321,811$3,106,893
11$5,587,377$2,023,287$334,684$3,229,407
12$5,810,873$2,105,980$348,071$3,356,821
13$6,043,307$2,191,981$361,994$3,489,332
14$6,285,040$2,281,422$376,474$3,627,144
15$6,536,441$2,374,441$391,533$3,770,468
16$6,797,899$2,471,180$407,194$3,919,525
17$7,069,815$2,571,789$423,482$4,074,544
18$7,352,608$2,676,422$440,421$4,235,764
19$7,646,712$2,785,241$458,038$4,403,433
20$7,952,580$2,898,412$476,360$4,577,809
21$8,270,684$3,016,110$495,414$4,759,159
22$8,601,511$3,138,516$515,230$4,947,764
23$8,945,571$3,265,819$535,840$5,143,913
24$9,303,394$3,398,213$557,273$5,347,908
25$9,675,530$3,535,903$579,564$5,560,062
26$10,062,551$3,679,101$602,747$5,780,703
27$10,465,053$3,828,027$626,857$6,010,170
28$10,883,655$3,982,910$651,931$6,248,815
29$11,319,001$4,143,988$678,008$6,497,005
30$11,771,762$4,311,509$705,129$6,755,124
Total$211,700,000$77,007,720$12,680,829$122,011,452

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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.