USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Rhode Island

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$403,728$3,879,538
2$7,077,034$2,581,458$423,914$4,071,662
3$7,430,886$2,712,383$445,110$4,273,393
4$7,802,430$2,849,854$467,366$4,485,211
5$8,192,552$2,994,199$490,734$4,707,619
6$8,602,179$3,145,761$515,271$4,941,147
7$9,032,289$3,304,902$541,034$5,186,353
8$9,483,903$3,471,999$568,086$5,443,818
9$9,958,098$3,647,451$596,490$5,714,157
10$10,456,003$3,831,676$626,315$5,998,012
11$10,978,803$4,025,112$657,630$6,296,061
12$11,527,743$4,228,220$690,512$6,609,011
13$12,104,130$4,441,483$725,037$6,937,610
14$12,709,337$4,665,410$761,289$7,282,638
15$13,344,804$4,900,532$799,354$7,644,918
16$14,012,044$5,147,411$839,321$8,025,311
17$14,712,646$5,406,634$881,287$8,424,724
18$15,448,278$5,678,818$925,352$8,844,108
19$16,220,692$5,964,611$971,619$9,284,462
20$17,031,727$6,264,694$1,020,200$9,746,832
21$17,883,313$6,579,781$1,071,210$10,232,322
22$18,777,479$6,910,622$1,124,771$10,742,086
23$19,716,353$7,258,006$1,181,010$11,277,338
24$20,702,170$7,622,758$1,240,060$11,839,352
25$21,737,279$8,005,748$1,302,063$12,429,468
26$22,824,143$8,407,888$1,367,166$13,049,089
27$23,965,350$8,830,135$1,435,524$13,699,691
28$25,163,617$9,273,493$1,507,301$14,382,823
29$26,421,798$9,739,020$1,582,666$15,100,112
30$27,742,888$10,227,824$1,661,799$15,853,266
Total$447,800,001$164,574,650$26,823,219$256,402,132

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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.