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Rhode Island Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$251,199$2,432,606
2$4,361,385$1,571,900$261,247$2,528,238
3$4,535,840$1,636,449$271,697$2,627,695
4$4,717,274$1,703,579$282,565$2,731,130
5$4,905,965$1,773,395$293,867$2,838,703
6$5,102,203$1,846,003$305,622$2,950,578
7$5,306,292$1,921,516$317,847$3,066,929
8$5,518,543$2,000,049$330,561$3,187,934
9$5,739,285$2,081,723$343,783$3,313,779
10$5,968,856$2,166,665$357,534$3,444,657
11$6,207,611$2,255,004$371,836$3,580,771
12$6,455,915$2,346,876$386,709$3,722,329
13$6,714,152$2,442,424$402,178$3,869,550
14$6,982,718$2,541,793$418,265$4,022,660
15$7,262,026$2,645,138$434,995$4,181,894
16$7,552,507$2,752,616$452,395$4,347,497
17$7,854,608$2,864,393$470,491$4,519,724
18$8,168,792$2,980,641$489,311$4,698,841
19$8,495,544$3,101,539$508,883$4,885,122
20$8,835,366$3,227,273$529,238$5,078,854
21$9,188,780$3,358,036$550,408$5,280,336
22$9,556,331$3,494,030$572,424$5,489,877
23$9,938,585$3,635,464$595,321$5,707,799
24$10,336,128$3,782,555$619,134$5,934,439
25$10,749,573$3,935,530$643,899$6,170,144
26$11,179,556$4,094,623$669,655$6,415,277
27$11,626,738$4,260,081$696,442$6,670,216
28$12,091,808$4,432,157$724,299$6,935,352
29$12,575,480$4,611,115$753,271$7,211,093
30$13,078,499$4,797,233$783,402$7,497,865
Total$235,200,000$85,769,634$14,088,478$135,341,889

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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.