USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Nov 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$63,975$650,692
2$1,110,744$369,163$66,534$675,047
3$1,155,174$385,602$69,195$700,377
4$1,201,381$402,699$71,963$726,719
5$1,249,436$420,479$74,841$754,116
6$1,299,413$438,971$77,835$782,608
7$1,351,390$458,202$80,948$812,240
8$1,405,445$478,203$84,186$843,057
9$1,461,663$499,003$87,554$875,106
10$1,520,130$520,636$91,056$908,438
11$1,580,935$543,134$94,698$943,103
12$1,644,172$566,531$98,486$979,155
13$1,709,939$590,865$102,425$1,016,649
14$1,778,337$616,172$106,522$1,055,642
15$1,849,470$642,492$110,783$1,096,195
16$1,923,449$669,864$115,215$1,138,371
17$2,000,387$698,331$119,823$1,182,233
18$2,080,402$727,937$124,616$1,227,850
19$2,163,619$758,727$129,601$1,275,291
20$2,250,163$790,748$134,785$1,324,630
21$2,340,170$824,051$140,176$1,375,943
22$2,433,777$858,685$145,783$1,429,308
23$2,531,128$894,705$151,615$1,484,808
24$2,632,373$932,166$157,679$1,542,528
25$2,737,668$971,125$163,986$1,602,557
26$2,847,174$1,011,642$170,546$1,664,986
27$2,961,061$1,053,780$177,368$1,729,913
28$3,079,504$1,097,604$184,462$1,797,437
29$3,202,684$1,143,181$191,841$1,867,662
30$3,330,791$1,190,581$199,514$1,940,696
Total$59,900,000$20,908,635$3,588,011$35,403,357

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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.