USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $209,200,000 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, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,338,309$223,430$2,168,318
2$3,879,259$1,393,514$232,368$2,253,378
3$4,034,429$1,450,927$241,662$2,341,840
4$4,195,807$1,510,636$251,329$2,433,842
5$4,363,639$1,572,734$261,382$2,529,523
6$4,538,184$1,637,316$271,837$2,629,031
7$4,719,712$1,704,481$282,711$2,732,520
8$4,908,500$1,774,333$294,019$2,840,148
9$5,104,840$1,846,979$305,780$2,952,082
10$5,309,034$1,922,530$318,011$3,068,492
11$5,521,395$2,001,104$330,732$3,189,560
12$5,742,251$2,082,821$343,961$3,315,470
13$5,971,941$2,167,806$357,719$3,446,416
14$6,210,819$2,256,191$372,028$3,582,600
15$6,459,251$2,348,111$386,909$3,724,231
16$6,717,621$2,443,708$402,386$3,871,528
17$6,986,326$2,543,128$418,481$4,024,717
18$7,265,779$2,646,526$435,220$4,184,033
19$7,556,411$2,754,060$452,629$4,349,722
20$7,858,667$2,865,895$470,734$4,522,038
21$8,173,014$2,982,203$489,564$4,701,247
22$8,499,934$3,103,163$509,146$4,887,625
23$8,839,932$3,228,962$529,512$5,081,457
24$9,193,529$3,359,793$550,692$5,283,043
25$9,561,270$3,495,858$572,720$5,492,692
26$9,943,721$3,637,364$595,629$5,710,727
27$10,341,470$3,784,532$619,454$5,937,484
28$10,755,128$3,937,585$644,232$6,173,311
29$11,185,334$4,096,761$670,001$6,418,571
30$11,632,747$4,262,304$696,802$6,673,641
Total$209,200,000$76,149,634$12,531,080$120,519,287

◄ Back to Jackpot Analysis

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.