USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Nov 30, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $65,600,000 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 money, as well as deductions claimed.

State:

Rhode Island

Drawing Date:Wed, Nov 30, 2022
Jackpot:$65,600,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$987,374$323,516$59,144$604,714
2$1,036,743$341,783$62,101$632,859
3$1,088,580$360,962$65,206$662,412
4$1,143,009$381,101$68,466$693,442
5$1,200,159$402,247$71,890$726,023
6$1,260,167$424,450$75,484$760,234
7$1,323,176$447,763$79,258$796,155
8$1,389,335$472,242$83,221$833,872
9$1,458,801$497,944$87,382$873,475
10$1,531,741$524,932$91,751$915,058
11$1,608,328$553,269$96,339$958,720
12$1,688,745$583,023$101,156$1,004,566
13$1,773,182$614,265$106,214$1,052,703
14$1,861,841$647,069$111,524$1,103,248
15$1,954,933$681,513$117,101$1,156,320
16$2,052,680$717,679$122,956$1,212,045
17$2,155,314$755,654$129,103$1,270,557
18$2,263,080$795,527$135,558$1,331,994
19$2,376,234$837,394$142,336$1,396,503
20$2,495,045$881,355$149,453$1,464,238
21$2,619,798$927,513$156,926$1,535,359
22$2,750,787$975,979$164,772$1,610,036
23$2,888,327$1,026,869$173,011$1,688,447
24$3,032,743$1,080,303$181,661$1,770,779
25$3,184,380$1,136,408$190,744$1,857,227
26$3,343,599$1,195,320$200,282$1,947,998
27$3,510,779$1,257,176$210,296$2,043,308
28$3,686,318$1,322,125$220,810$2,143,382
29$3,870,634$1,390,322$231,851$2,248,461
30$4,064,166$1,461,929$243,444$2,358,793
Total$65,600,000$23,017,632$3,929,440$38,652,928

◄ Back to Jackpot Analysis

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.