USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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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 $179,700,000 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 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,142,526$191,924$1,869,619
2$3,332,232$1,189,946$199,601$1,942,685
3$3,465,521$1,239,263$207,585$2,018,673
4$3,604,142$1,290,553$215,888$2,097,701
5$3,748,307$1,343,894$224,524$2,179,890
6$3,898,240$1,399,369$233,505$2,265,366
7$4,054,169$1,457,063$242,845$2,354,262
8$4,216,336$1,517,065$252,559$2,446,713
9$4,384,989$1,579,466$262,661$2,542,862
10$4,560,389$1,644,364$273,167$2,642,858
11$4,742,805$1,711,858$284,094$2,746,853
12$4,932,517$1,782,051$295,458$2,855,008
13$5,129,817$1,855,053$307,276$2,967,489
14$5,335,010$1,930,974$319,567$3,084,469
15$5,548,411$2,009,932$332,350$3,206,129
16$5,770,347$2,092,049$345,644$3,332,655
17$6,001,161$2,177,450$359,470$3,464,242
18$6,241,207$2,266,267$373,848$3,601,092
19$6,490,856$2,358,637$388,802$3,743,416
20$6,750,490$2,454,701$404,354$3,891,434
21$7,020,509$2,554,609$420,529$4,045,372
22$7,301,330$2,658,512$437,350$4,205,468
23$7,593,383$2,766,572$454,844$4,371,967
24$7,897,118$2,878,954$473,037$4,545,127
25$8,213,003$2,995,831$491,959$4,725,213
26$8,541,523$3,117,384$511,637$4,912,502
27$8,883,184$3,243,798$532,103$5,107,283
28$9,238,511$3,375,269$553,387$5,309,855
29$9,608,052$3,511,999$575,522$5,520,530
30$9,992,374$3,654,199$598,543$5,739,632
Total$179,700,000$65,199,608$10,764,033$103,736,365

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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.