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Rhode Island Powerball Jackpot Annuity Payout Schedule for Dec 3, 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 $79,900,000 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, Dec 3, 2022
Jackpot:$79,900,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,202,610$403,153$72,036$727,420
2$1,262,740$425,402$75,638$761,700
3$1,325,877$448,762$79,420$797,695
4$1,392,171$473,291$83,391$835,489
5$1,461,780$499,046$87,561$875,173
6$1,534,869$526,089$91,939$916,841
7$1,611,612$554,484$96,536$960,592
8$1,692,193$584,299$101,362$1,006,531
9$1,776,802$615,605$106,430$1,054,767
10$1,865,642$648,475$111,752$1,105,415
11$1,958,924$682,990$117,340$1,158,595
12$2,056,871$719,230$123,207$1,214,434
13$2,159,714$757,282$129,367$1,273,065
14$2,267,700$797,237$135,835$1,334,628
15$2,381,085$839,189$142,627$1,399,269
16$2,500,139$883,239$149,758$1,467,142
17$2,625,146$929,492$157,246$1,538,408
18$2,756,403$978,057$165,109$1,613,238
19$2,894,224$1,029,050$173,364$1,691,809
20$3,038,935$1,082,594$182,032$1,774,309
21$3,190,881$1,138,814$191,134$1,860,934
22$3,350,426$1,197,845$200,690$1,951,890
23$3,517,947$1,259,828$210,725$2,047,394
24$3,693,844$1,324,910$221,261$2,147,673
25$3,878,536$1,393,246$232,324$2,252,966
26$4,072,463$1,464,999$243,941$2,363,524
27$4,276,086$1,540,340$256,138$2,479,609
28$4,489,891$1,619,447$268,944$2,601,499
29$4,714,385$1,702,510$282,392$2,729,483
30$4,950,104$1,789,726$296,511$2,863,867
Total$79,900,000$28,308,631$4,786,010$46,805,359

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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.