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Rhode Island Powerball Jackpot Annuity Payout Schedule for Nov 19, 2022

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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 $92,900,000 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, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$475,551$83,757$838,971
2$1,468,192$501,419$87,945$878,829
3$1,541,602$528,580$92,342$920,679
4$1,618,682$557,100$96,959$964,623
5$1,699,616$587,046$101,807$1,010,763
6$1,784,597$618,489$106,897$1,059,211
7$1,873,827$651,504$112,242$1,110,081
8$1,967,518$686,169$117,854$1,163,494
9$2,065,894$722,569$123,747$1,219,578
10$2,169,189$760,788$129,934$1,278,467
11$2,277,648$800,918$136,431$1,340,299
12$2,391,530$843,054$143,253$1,405,224
13$2,511,107$887,297$150,415$1,473,394
14$2,636,662$933,753$157,936$1,544,973
15$2,768,495$982,531$165,833$1,620,131
16$2,906,920$1,033,748$174,125$1,699,047
17$3,052,266$1,087,526$182,831$1,781,909
18$3,204,880$1,143,993$191,972$1,868,914
19$3,365,123$1,203,283$201,571$1,960,269
20$3,533,380$1,265,538$211,649$2,056,192
21$3,710,049$1,330,906$222,232$2,156,911
22$3,895,551$1,399,542$233,344$2,262,666
23$4,090,329$1,471,609$245,011$2,373,709
24$4,294,845$1,547,280$257,261$2,490,303
25$4,509,587$1,626,735$270,124$2,612,728
26$4,735,067$1,710,162$283,630$2,741,274
27$4,971,820$1,797,761$297,812$2,876,247
28$5,220,411$1,889,740$312,703$3,017,969
29$5,481,432$1,986,317$328,338$3,166,776
30$5,755,503$2,087,724$344,755$3,323,025
Total$92,900,000$33,118,632$5,564,710$54,216,656

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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.