USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$41,202$429,189
2$722,243$230,185$43,262$448,796
3$758,355$243,546$45,425$469,383
4$796,273$257,576$47,697$491,000
5$836,087$272,307$50,082$513,698
6$877,891$287,775$52,586$537,531
7$921,786$304,016$55,215$562,555
8$967,875$321,069$57,976$588,830
9$1,016,269$338,974$60,874$616,420
10$1,067,082$357,775$63,918$645,388
11$1,120,436$377,516$67,114$675,806
12$1,176,458$398,244$70,470$707,744
13$1,235,281$420,009$73,993$741,279
14$1,297,045$442,862$77,693$776,490
15$1,361,897$466,857$81,578$813,463
16$1,429,992$492,052$85,657$852,283
17$1,501,492$518,507$89,939$893,045
18$1,576,566$546,284$94,436$935,845
19$1,655,394$575,451$99,158$980,785
20$1,738,164$606,076$104,116$1,027,972
21$1,825,072$638,232$109,322$1,077,519
22$1,916,326$671,996$114,788$1,129,542
23$2,012,142$707,448$120,527$1,184,167
24$2,112,749$744,672$126,554$1,241,523
25$2,218,387$783,758$132,881$1,301,747
26$2,329,306$824,798$139,525$1,364,982
27$2,445,772$867,890$146,502$1,431,379
28$2,568,060$913,137$153,827$1,501,096
29$2,696,463$960,646$161,518$1,574,299
30$2,831,286$1,010,531$169,594$1,651,161
Total$45,700,000$15,797,649$2,737,429$27,164,917

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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.