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Rhode Island Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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The tax information provided here is based on 2024 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 $125,800,000 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 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$134,357$1,320,562
2$2,332,748$821,304$139,732$1,371,712
3$2,426,057$855,829$145,321$1,424,908
4$2,523,100$891,735$151,134$1,480,231
5$2,624,024$929,077$157,179$1,537,768
6$2,728,985$967,912$163,466$1,597,606
7$2,838,144$1,008,301$170,005$1,659,838
8$2,951,670$1,050,306$176,805$1,724,559
9$3,069,737$1,093,990$183,877$1,791,869
10$3,192,526$1,139,422$191,232$1,861,871
11$3,320,227$1,186,672$198,882$1,934,674
12$3,453,036$1,235,811$206,837$2,010,388
13$3,591,158$1,286,916$215,110$2,089,131
14$3,734,804$1,340,065$223,715$2,171,024
15$3,884,196$1,395,340$232,663$2,256,192
16$4,039,564$1,452,826$241,970$2,344,768
17$4,201,147$1,512,612$251,649$2,436,886
18$4,369,192$1,574,789$261,715$2,532,689
19$4,543,960$1,639,453$272,183$2,632,324
20$4,725,718$1,706,704$283,071$2,735,944
21$4,914,747$1,776,644$294,393$2,843,710
22$5,111,337$1,849,382$306,169$2,955,786
23$5,315,791$1,925,030$318,416$3,072,344
24$5,528,422$2,003,704$331,152$3,193,566
25$5,749,559$2,085,525$344,399$3,319,636
26$5,979,541$2,170,618$358,175$3,450,749
27$6,218,723$2,259,115$372,502$3,587,106
28$6,467,472$2,351,152$387,402$3,728,918
29$6,726,171$2,446,871$402,898$3,876,402
30$6,995,218$2,546,418$419,014$4,029,786
Total$125,800,000$45,291,631$7,535,423$72,972,947

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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.