USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Sep 21, 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 $25,000,000 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, Sep 21, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$26,701$292,664
2$463,583$132,629$27,769$303,185
3$482,126$139,119$28,879$314,128
4$501,411$145,869$30,035$325,508
5$521,467$152,888$31,236$337,343
6$542,326$160,189$32,485$349,652
7$564,019$167,781$33,785$362,453
8$586,580$175,678$35,136$375,766
9$610,043$183,904$36,542$389,598
10$634,445$192,932$38,003$403,509
11$659,823$202,322$39,523$417,977
12$686,215$212,087$41,104$433,024
13$713,664$222,243$42,748$448,672
14$742,211$232,806$44,458$464,947
15$771,899$243,790$46,237$481,872
16$802,775$255,215$48,086$499,474
17$834,886$267,096$50,010$517,781
18$868,281$279,452$52,010$536,820
19$903,013$292,302$54,090$556,620
20$939,133$305,667$56,254$577,212
21$976,699$319,566$58,504$598,628
22$1,015,767$334,021$60,844$620,901
23$1,056,397$349,055$63,278$644,064
24$1,098,653$364,689$65,809$668,154
25$1,142,599$380,949$68,442$693,208
26$1,188,303$397,860$71,179$719,264
27$1,235,835$415,447$74,027$746,362
28$1,285,269$433,737$76,988$774,544
29$1,336,679$452,759$80,067$803,853
30$1,390,147$472,542$83,270$834,335
Total$25,000,000$8,010,982$1,497,499$15,491,518

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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.