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Rhode Island Powerball Jackpot Annuity Payout Schedule for Aug 31, 2011

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The tax information provided here is based on 2025 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 $76,500,000 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, Aug 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$461,701$81,704$820,598
2$1,418,563$481,888$84,972$851,702
3$1,475,305$502,883$88,371$884,051
4$1,534,317$524,718$91,906$917,694
5$1,595,690$547,426$95,582$952,683
6$1,659,518$571,042$99,405$989,071
7$1,725,898$595,603$103,381$1,026,914
8$1,794,934$621,146$107,517$1,066,272
9$1,866,732$647,711$111,817$1,107,204
10$1,941,401$675,339$116,290$1,149,772
11$2,019,057$704,071$120,942$1,194,044
12$2,099,819$733,953$125,779$1,240,087
13$2,183,812$765,031$130,810$1,287,971
14$2,271,165$797,351$136,043$1,337,771
15$2,362,011$830,964$141,484$1,389,562
16$2,456,492$865,922$147,144$1,443,426
17$2,554,751$902,278$153,030$1,499,443
18$2,656,941$940,089$159,151$1,557,702
19$2,763,219$979,411$165,517$1,618,291
20$2,873,748$1,020,307$172,137$1,681,303
21$2,988,698$1,062,838$179,023$1,746,836
22$3,108,246$1,107,071$186,184$1,814,991
23$3,232,575$1,153,073$193,631$1,885,871
24$3,361,878$1,200,915$201,377$1,959,587
25$3,496,354$1,250,671$209,432$2,036,251
26$3,636,208$1,302,417$217,809$2,115,982
27$3,781,656$1,356,233$226,521$2,198,902
28$3,932,922$1,412,201$235,582$2,285,139
29$4,090,239$1,470,409$245,005$2,374,825
30$4,253,849$1,530,944$254,806$2,468,099
Total$76,500,000$27,015,606$4,582,352$44,902,044

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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.