USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$466,827$82,345$825,529
2$1,429,689$487,173$85,638$856,878
3$1,486,876$508,332$89,064$889,480
4$1,546,351$530,338$92,626$923,387
5$1,608,205$553,224$96,331$958,650
6$1,672,534$577,025$100,185$995,324
7$1,739,435$601,779$104,192$1,033,464
8$1,809,012$627,522$108,360$1,073,130
9$1,881,373$654,296$112,694$1,114,383
10$1,956,628$682,140$117,202$1,157,286
11$2,034,893$711,098$121,890$1,201,905
12$2,116,288$741,214$126,766$1,248,308
13$2,200,940$772,536$131,836$1,296,568
14$2,288,978$805,109$137,110$1,346,758
15$2,380,537$838,986$142,594$1,398,956
16$2,475,758$874,218$148,298$1,453,242
17$2,574,789$910,860$154,230$1,509,699
18$2,677,780$948,966$160,399$1,568,415
19$2,784,891$988,598$166,815$1,629,479
20$2,896,287$1,029,814$173,488$1,692,985
21$3,012,138$1,072,679$180,427$1,759,032
22$3,132,624$1,117,259$187,644$1,827,721
23$3,257,929$1,163,621$195,150$1,899,158
24$3,388,246$1,211,839$202,956$1,973,451
25$3,523,776$1,261,985$211,074$2,050,717
26$3,664,727$1,314,137$219,517$2,131,073
27$3,811,316$1,368,375$228,298$2,214,643
28$3,963,769$1,424,782$237,430$2,301,557
29$4,122,319$1,483,446$246,927$2,391,947
30$4,287,212$1,544,456$256,804$2,485,952
Total$77,100,000$27,272,634$4,618,290$45,209,077

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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.