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Rhode Island Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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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 $632,600,000 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:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$570,340$5,465,274
2$9,997,615$3,662,072$598,857$5,736,685
3$10,497,495$3,847,028$628,800$6,021,667
4$11,022,371$4,041,232$660,240$6,320,898
5$11,573,488$4,245,146$693,252$6,635,091
6$12,152,163$4,459,255$727,915$6,964,993
7$12,759,772$4,684,071$764,310$7,311,391
8$13,397,760$4,920,126$802,526$7,675,108
9$14,067,648$5,167,985$842,652$8,057,011
10$14,771,030$5,428,236$884,785$8,458,009
11$15,509,582$5,701,500$929,024$8,879,058
12$16,285,061$5,988,428$975,475$9,321,158
13$17,099,314$6,289,701$1,024,249$9,785,364
14$17,954,280$6,606,039$1,075,461$10,272,780
15$18,851,994$6,938,193$1,129,234$10,784,567
16$19,794,594$7,286,955$1,185,696$11,321,943
17$20,784,323$7,653,154$1,244,981$11,886,187
18$21,823,539$8,037,664$1,307,230$12,478,645
19$22,914,716$8,441,400$1,372,591$13,100,725
20$24,060,452$8,865,322$1,441,221$13,753,909
21$25,263,474$9,310,441$1,513,282$14,439,752
22$26,526,648$9,777,815$1,588,946$15,159,887
23$27,852,981$10,268,558$1,668,394$15,916,029
24$29,245,629$10,783,838$1,751,813$16,709,978
25$30,707,911$11,324,882$1,839,404$17,543,625
26$32,243,307$11,892,979$1,931,374$18,418,954
27$33,855,472$12,489,480$2,027,943$19,338,050
28$35,548,245$13,115,806$2,129,340$20,303,100
29$37,325,658$13,773,448$2,235,807$21,316,402
30$39,191,941$14,463,973$2,347,597$22,380,371
Total$632,600,001$232,950,651$37,892,739$361,756,611

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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.