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Rhode Island Powerball Jackpot Annuity Payout Schedule for Nov 28, 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 $54,800,000 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 prize money, as well as deductions claimed.

State:

Rhode Island

Drawing Date:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$268,138$49,407$507,274
2$866,060$283,397$51,877$530,786
3$909,363$299,419$54,471$555,473
4$954,831$316,242$57,194$581,394
5$1,002,572$333,907$60,054$608,611
6$1,052,701$352,454$63,057$637,190
7$1,105,336$371,929$66,210$667,197
8$1,160,603$392,378$69,520$698,705
9$1,218,633$413,849$72,996$731,788
10$1,279,564$436,394$76,646$766,525
11$1,343,543$460,066$80,478$802,999
12$1,410,720$484,921$84,502$841,296
13$1,481,256$511,020$88,727$881,509
14$1,555,319$538,423$93,164$923,732
15$1,633,084$567,196$97,822$968,066
16$1,714,739$597,408$102,713$1,014,618
17$1,800,476$629,131$107,848$1,063,496
18$1,890,499$662,440$113,241$1,114,819
19$1,985,024$697,414$118,903$1,168,707
20$2,084,276$734,137$124,848$1,225,291
21$2,188,489$772,696$131,091$1,284,703
22$2,297,914$813,183$137,645$1,347,086
23$2,412,810$855,695$144,527$1,412,588
24$2,533,450$900,332$151,754$1,481,365
25$2,660,123$947,200$159,341$1,553,581
26$2,793,129$996,413$167,308$1,629,408
27$2,932,785$1,048,086$175,674$1,709,026
28$3,079,424$1,102,342$184,458$1,792,625
29$3,233,396$1,159,311$193,680$1,880,404
30$3,395,065$1,219,129$203,364$1,972,572
Total$54,800,000$19,164,650$3,282,520$32,352,834

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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.