USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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The tax information provided here is based on 2021 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 $285,600,000 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 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$257,492$2,486,611
2$4,513,624$1,634,113$270,366$2,609,145
3$4,739,306$1,717,615$283,884$2,737,806
4$4,976,271$1,805,293$298,079$2,872,900
5$5,225,084$1,897,353$312,983$3,014,748
6$5,486,339$1,994,018$328,632$3,163,689
7$5,760,656$2,095,515$345,063$3,320,078
8$6,048,688$2,202,087$362,316$3,484,285
9$6,351,123$2,313,988$380,432$3,656,703
10$6,668,679$2,431,483$399,454$3,837,742
11$7,002,113$2,554,854$419,427$4,027,832
12$7,352,219$2,684,393$440,398$4,227,428
13$7,719,829$2,820,409$462,418$4,437,002
14$8,105,821$2,963,226$485,539$4,657,056
15$8,511,112$3,113,184$509,816$4,888,113
16$8,936,668$3,270,639$535,306$5,130,722
17$9,383,501$3,435,968$562,072$5,385,462
18$9,852,676$3,609,562$590,175$5,652,938
19$10,345,310$3,791,837$619,684$5,933,789
20$10,862,575$3,983,225$650,668$6,228,682
21$11,405,704$4,184,183$683,202$6,538,320
22$11,975,989$4,395,188$717,362$6,863,439
23$12,574,789$4,616,744$753,230$7,204,815
24$13,203,528$4,849,378$790,891$7,563,259
25$13,863,704$5,093,643$830,436$7,939,626
26$14,556,890$5,350,121$871,958$8,334,811
27$15,284,734$5,619,424$915,556$8,749,755
28$16,048,971$5,902,191$961,333$9,185,446
29$16,851,419$6,199,097$1,009,400$9,642,922
30$17,693,990$6,510,849$1,059,870$10,123,272
Total$285,600,001$104,594,167$17,107,442$163,898,396

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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.