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Rhode Island Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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 money, as well as deductions claimed.

State:

Rhode Island

Drawing Date:Sat, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,545,506$419,055$4,031,346
2$7,345,702$2,674,930$440,008$4,230,765
3$7,712,987$2,810,826$462,008$4,440,154
4$8,098,637$2,953,516$485,108$4,660,013
5$8,503,569$3,103,341$509,364$4,890,864
6$8,928,747$3,260,657$534,832$5,133,258
7$9,375,185$3,425,839$561,574$5,387,773
8$9,843,944$3,599,279$589,652$5,655,012
9$10,336,141$3,781,392$619,135$5,935,614
10$10,852,948$3,972,611$650,092$6,230,245
11$11,395,595$4,173,391$682,596$6,539,609
12$11,965,375$4,384,209$716,726$6,864,440
13$12,563,644$4,605,569$752,562$7,205,513
14$13,191,826$4,837,996$790,190$7,563,640
15$13,851,417$5,082,045$829,700$7,939,673
16$14,543,988$5,338,296$871,185$8,334,508
17$15,271,188$5,607,360$914,744$8,749,084
18$16,034,747$5,889,877$960,481$9,184,389
19$16,836,484$6,186,519$1,008,505$9,641,459
20$17,678,309$6,497,994$1,058,931$10,121,384
21$18,562,224$6,825,043$1,111,877$10,625,304
22$19,490,335$7,168,444$1,167,471$11,154,420
23$20,464,852$7,529,016$1,225,845$11,709,992
24$21,488,094$7,907,615$1,287,137$12,293,342
25$22,562,499$8,305,145$1,351,494$12,905,861
26$23,690,625$8,722,551$1,419,068$13,549,005
27$24,875,156$9,160,828$1,490,022$14,224,306
28$26,118,913$9,621,018$1,564,523$14,933,372
29$27,424,859$10,104,218$1,642,749$15,677,892
30$28,796,102$10,611,578$1,724,887$16,459,638
Total$464,800,001$170,686,609$27,841,521$266,271,875

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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.